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E34: Chamath & Tinder, Threads API, and the Difficulties of Scaling AI Labs
"The Riff" with Byrne Hobart and Erik Torenberg
Efficiency and Imperfect Information in Markets
In trading strategies, the cost to borrow a stock reflects the market's estimate of how quickly a gap will close. Despite the perceived risk-free nature of some trades, high borrowing costs can erode profits until a catalyst resolves the gap. This underscores the notion that market efficiency coexists with imperfect information, extending to investors and even company management.
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