« Lex Fridman Podcast

#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading

2021-02-07 | 🔗

Richard Craib is the founder of Numerai, a crowd-sourced, AI-run stock trading system. Please support this podcast by checking out our sponsors: – Audible: https://audible.com/lex to get $9.95 a month for 6 months – Tryolabs: https://tryolabs.com/lexBlinkist: https://blinkist.com/lex and use code LEX to get 25% off premium – Athletic Greens: https://athleticgreens.com/lex and use code LEX to get 1 month of fish oil

EPISODE LINKS: Richard’s Twitter: https://twitter.com/richardcraib Numerai’s Twitter: https://twitter.com/numerai Numerai’s Website: https://numer.ai

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OUTLINE: Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) – Introduction (08:12) – WallStreetBets and GameStop saga (22:25) – Evil shorting and chill shorting (24:31) – Hedge funds (30:04) – Vlad (37:00) – Numerai (1:04:16) – Futre of AI in stock trading (1:09:55) – Numerai data (1:13:37) – Is stock trading gambling or investing? (1:17:32) – What is money? (1:20:49) – Cryptocurrency (1:24:06) – Dogecoin (1:28:36) – Advice for startups (1:44:27) – Book recommendations (1:46:29) – Advice for young people (1:50:30) – Meaning of life


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