#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading
0:001:55:40
Speed
Listening elsewhere? Jump this view to your spot.
About this episode
<p>Richard Craib is the founder of Numerai, a crowd-sourced, AI-run stock trading system. Please support this podcast by checking out our sponsors:<br />
– <b>Audible</b>: <a href="https://audible.com/lex">https://audible.com/lex</a> to get $9.95 a month for 6 months<br />
– <b>Tryolabs</b>: <a href="https://tryolabs.com/lex">https://tryolabs.com/lex</a><br />
– <b>Blinkist</b>: <a href="https://blinkist.com/lex">https://blinkist.com/lex</a> and use code LEX to get 25% off premium<br />
– <b>Athletic Greens</b>: <a href="https://athleticgreens.com/lex">https://athleticgreens.com/lex</a> and use code LEX to get 1 month of fish oil</p>
<p><b>EPISODE LINKS:</b><br />
Richard’s Twitter: <a href="https://twitter.com/richardcraib">https://twitter.com/richardcraib</a><br />
Numerai’s Twitter: <a href="https://twitter.com/numerai">https://twitter.com/numerai</a><br />
Numerai’s Website: <a href="https://numer.ai">https://numer.ai</a></p>
<p><b>PODCAST INFO:</b><br />
Podcast website: <a href="https://lexfridman.com/podcast">https://lexfridman.com/podcast</a><br />
Apple Podcasts: <a href="https://apple.co/2lwqZIr">https://apple.co/2lwqZIr</a><br />
Spotify: <a href="https://spoti.fi/2nEwCF8">https://spoti.fi/2nEwCF8</a><br />
RSS: <a href="https://lexfridman.com/feed/podcast/">https://lexfridman.com/feed/podcast/</a><br />
YouTube Full Episodes: <a href="https://youtube.com/lexfridman">https://youtube.com/lexfridman</a><br />
YouTube Clips: <a href="https://youtube.com/lexclips">https://youtube.com/lexclips</a></p>
<p><b>SUPPORT & CONNECT:</b><br />
– Check out the sponsors above, it’s the best way to support this podcast<br />
– Support on Patreon: <a href="https://www.patreon.com/lexfridman">https://www.patreon.com/lexfridman</a><br />
– Twitter: <a href="https://twitter.com/lexfridman">https://twitter.com/lexfridman</a><br />
– Instagram: <a href="https://www.instagram.com/lexfridman">https://www.instagram.com/lexfridman</a><br />
– LinkedIn: <a href="https://www.linkedin.com/in/lexfridman">https://www.linkedin.com/in/lexfridman</a><br />
– Facebook: <a href="https://www.facebook.com/LexFridmanPage">https://www.facebook.com/LexFridmanPage</a><br />
– Medium: <a href="https://medium.com/@lexfridman">https://medium.com/@lexfridman</a></p>
<p><b>OUTLINE:</b><br />
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.<br />
(00:00) – Introduction<br />
(08:12) – WallStreetBets and GameStop saga<br />
(22:25) – Evil shorting and chill shorting<br />
(24:31) – Hedge funds<br />
(30:04) – Vlad<br />
(37:00) – Numerai<br />
(1:04:16) – Futre of AI in stock trading<br />
(1:09:55) – Numerai data<br />
(1:13:37) – Is stock trading gambling or investing?<br />
(1:17:32) – What is money?<br />
(1:20:49) – Cryptocurrency<br />
(1:24:06) – Dogecoin<br />
(1:28:36) – Advice for startups<br />
(1:44:27) – Book recommendations<br />
(1:46:29) – Advice for young people<br />
(1:50:30) – Meaning of life</p>