Infinite Loops

Lily Francus and Jesse Livermore — Understanding Financial Bubbles (EP.91)

Feb 14, 2022

01:27:12

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Are There Multiple Bubbles?

05:03

Cryptocurrency Bubble

04:09

The Market Operates Off of Extrinsic Value

03:17

Introduction

3min

How Do We Know if We're Talking Bubbles?

4min

Is Liquidity Linked to the Sustainability of Bubbles?

3min

The Value of Anything, of Any Asset Class

5min

The Market Operates Off of Extrinsic Value

3min

Is There a Lever in the Market?

3min

Is Leverage Creating a Bubble?

6min

What Is a Bubble?

3min

The Collapse of Fundamental Variables in the Markets

5min

10.

Is There an Arbitrage?

2min

11.

Cryptocurrency Bubble

4min

12.

What Is the Value of a Bit Coin?

2min

13.

Is There a Mass of Short Sellers in the Market?

3min

14.

Is There a Fundamental Value Versuquidity Value in Bubbles?

6min

15.

The Marginal Dollar Insolvency Economy

2min

16.

The Primary Risk of Leverage

3min

17.

Can We Come Up With That Asset?

2min

18.

The Black Shawl's Option Pricing Model

2min

19.

Is There a Model That Is Real?

3min

20.

How to Maximize Profit From the Implications of the Model?

2min

21.

Are We in Multiple Financial Bubbles?

4min

22.

Competence Over Accreditation

5min

23.

I'm a Worcoholic.

2min

24.

Are There Multiple Bubbles?

5min

25.

Do We Have Free Will or Not?

2min

26.

The Illusion of Free Will Is a Definable Standard

4min

Lily Francus is a risk theorist and a quantitative researcher at Moody’s. She is also the author of the ‘Midnight on the Market Momentum’ newsletter. Find Lily on her Twitter at https://twitter.com/nope_its_lily and read her newsletter at https://nopeitslily.substack.com Jesse Livermore is an OSAM research partner and a recurring guest at Infinite Loops. You can connect with him on Twitter at https://twitter.com/Jesse_Livermore and read more about his work at http://www.philosophicaleconomics.com/ Show notes:

Why all the recent focus on bubbles?
How the era you grow up in shapes your investment philosophy
Intrinsic and Extrinsic value
How leverage impacts pricing
What is a bubble? And how to identify if you’re in one
Role of uncertainty in arbitraging
What makes a bubble pop
How bubbles set a new floor price
Do we have enough short sellers?
Time arbitrage
Information arbitrage in a hyper-connected world
Are we currently in a financial bubble?
Implications of pseudonymity
Is there a free will?

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Infinite Loops

Lily Francus and Jesse Livermore — Understanding Financial Bubbles (EP.91)

Are There Multiple Bubbles?

Cryptocurrency Bubble

The Market Operates Off of Extrinsic Value

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