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Nat Friedman - Reading Ancient Scrolls, Open Source, & AI
Dwarkesh Podcast
The Role of Secrets in Hedge Fund Success and AI Labs
Even in areas expected to be efficient, there are hidden inefficiencies./nSecrets play a valuable role in the success of hedge funds and AI labs./nDisclosing trading strategies can significantly impact hedge fund profits./nThe world is not perfectly efficient, as evidenced by the existence of valuable secrets./nThe default estimate of the world's efficiency is too charitable.
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