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Risk of Ruin
Value Traps
May 27, 2024
Former poker player turned fund manager, David Orr, discusses evolving his investment strategy from value bias to shorting value traps. Topics include transitioning from poker to stocks, meme stock phenomenon, navigating stock investing complexity, successful long bets, adaptive investment approaches, using Twitter for market insights, and the path to success in investing.
01:09:46
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Quick takeaways
- Transitioning from gaming to fund management showcases unique skill transferability.
- Short selling value traps requires a probabilistic approach and adaptability in investing strategies.
Deep dives
David Orr's Journey from Poker Player to Investment Fund Manager
David Orr transitioned from being a poker player to launching his own investment fund, showcasing how skills from gaming can translate to financial markets. His approach involves exploring the correlation versus causation dynamics between his poker background and fund management, examining whether intelligence in one domain translates to success in another. Orr's unconventional path highlights the importance of unique experiences and perspectives in navigating investment strategies.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode