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Mutiny Investing Podcast
54. Kris Abdelmessih - Alpha is Illusive
Aug 29, 2023
Kris Abdelmessih, a volatility trader and author, talks about topics such as adverse selection, discretionary edge, manager fee alpha, confidence intervals, and life optionality. They also discuss the benefits of living in California, teaching probability and options theory, variance time in trading, understanding trading strategies and game theory, creating a non-profit club, and expressing gratitude.
01:16:07
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Quick takeaways
- Alpha is often associated with short-lived opportunities, such as arbitrage situations, which require speed and constant adaptation to capture.
- Real estate brokers often provide liquidity by matching buyers and sellers within a standardized framework, where fungible contract sizes are used to facilitate transactions.
Deep dives
The role of real estate brokers
Real estate brokers play a crucial role in facilitating transactions in the real estate market, particularly in complex and idiosyncratic situations. In areas where there is a high degree of variation in properties and locations, brokers provide valuable market knowledge and expertise to both buyers and sellers. They help bridge the emotional gap between parties and facilitate negotiations, ensuring that the best possible outcome is achieved. While the fees charged by brokers may vary, there is a significant dispersion in their abilities, with top-performing brokers providing substantial value to their clients.
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