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Clips
This podcast delves into the history and evolution of hedge funds, as well as the current state of the industry and how to make informed investment decisions.
41:07 - 44:20 (03:12)
Summary
This podcast delves into the history and evolution of hedge funds, as well as the current state of the industry and how to make informed investment decisions.
ChapterUnderstanding the History and Evolution of Hedge Funds
Episode#604: Master Investor Ed Thorp on How to Think for Yourself, Mental Models for the Second Half of Life, How to Be Inner-Directed, How Basic Numeracy Is a Superpower, and The Dangers of Investing Fads
PodcastThe Tim Ferriss Show
Most people don't have an edge in the stock market, as even the good players who do lose in the long run.
44:20 - 46:53 (02:33)
Summary
Most people don't have an edge in the stock market, as even the good players who do lose in the long run. It's important to realize that if everyone knows about a certain investment strategy, there's likely no reason to believe you have an edge in it either.