Chapter
The Unpredictability of Hedge Funds
26:05 - 34:55 (08:50)
The speaker notes the unpredictability of hedge funds, with many companies that hedge funds like seeing a drop in stocks while those that hedge funds ignore are seeing a rise, and discusses the role that hedge funds play in the economy.
Clips
The presence of hedge funds played a crucial role in American economic history by allowing companies to have a liquidity event when they go public.
26:05 - 30:54 (04:49)
Summary
The presence of hedge funds played a crucial role in American economic history by allowing companies to have a liquidity event when they go public. While billion-dollar hedge funds with corrupt motives exist, smaller AI hedge funds should be sufficient.
ChapterThe Unpredictability of Hedge Funds
Episode#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading
PodcastLex Fridman Podcast
In this episode, the hosts discuss Vlad Tenev's response to Elon Musk's criticism of Robinhood and the controversy surrounding Robinhood's handling of the GameStop trading frenzy.
30:54 - 31:45 (00:51)
Summary
In this episode, the hosts discuss Vlad Tenev's response to Elon Musk's criticism of Robinhood and the controversy surrounding Robinhood's handling of the GameStop trading frenzy. The conversation also touches on issues of transparency and centralized power.
ChapterThe Unpredictability of Hedge Funds
Episode#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading
PodcastLex Fridman Podcast
The speaker comments on Vlad Tenev's professional attitude towards the younger Elon Musk and his attempt at joking around but not trying to be a "boomer" CEO.
31:45 - 32:40 (00:55)
Summary
The speaker comments on Vlad Tenev's professional attitude towards the younger Elon Musk and his attempt at joking around but not trying to be a "boomer" CEO.
ChapterThe Unpredictability of Hedge Funds
Episode#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading
PodcastLex Fridman Podcast
The speaker believes that Facebook operates with a chaotic system, with a mass of people attempting to do good, but the presentation gives the impression of backroom conversations manipulating users.
32:42 - 34:55 (02:13)
Summary
The speaker believes that Facebook operates with a chaotic system, with a mass of people attempting to do good, but the presentation gives the impression of backroom conversations manipulating users. They also speak positively of Elon Musk's influence on American business.