Lex Fridman Podcast - #159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading

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/lex
Blinkist: 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

PODCAST INFO:
Podcast website: https://lexfridman.com/podcast
Apple Podcasts: https://apple.co/2lwqZIr
Spotify: https://spoti.fi/2nEwCF8
RSS: https://lexfridman.com/feed/podcast/
YouTube Full Episodes: https://youtube.com/lexfridman
YouTube Clips: https://youtube.com/lexclips

SUPPORT & CONNECT:
– Check out the sponsors above, it’s the best way to support this podcast
– Support on Patreon: https://www.patreon.com/lexfridman
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– Instagram: https://www.instagram.com/lexfridman
– LinkedIn: https://www.linkedin.com/in/lexfridman
– Facebook: https://www.facebook.com/LexFridmanPage
– Medium: https://medium.com/@lexfridman

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

Consider This from NPR - BONUS: Biden Promises To Grapple With Environmental Racism

People of color experience more air and water pollution than white people and suffer the health impacts. The federal government helped create the problem, and has largely failed to fix it.

In this episode of Short Wave, NPR climate reporter Rebecca Hersher talks about the history of environmental racism in the United States, and what Biden's administration can do to avoid the mistakes of the past.

Read Rebecca's reporting on how Biden hopes to address the environmental impacts of systemic racism.

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Everything Everywhere Daily - Jack the Ripper

In 1888, the city of London was terrorized by its most infamous serial killer. Anywhere between 5 and 11 murders were committed over a three-year period in the Whitechapel area of London, and the crimes have never been solved. In the decades since then, a cottage industry has developed of amateur sleuths who have tried to determine the identity of this killer, that the newspapers dubbed Jack the Ripper.

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The Government Huddle with Brian Chidester - The One with the AWS Global Public Sector VP

Sandy Carter, VP of Global Public Sector Partners and Programs joins the show to discuss the value that cloud is bringing to governments around the World, and how AWS’ partners are helping to fuel that acceleration. We also discuss the increased adoption of IoT in government, her role in paving the way for Women in Tech, and her thoughts on what’s next for AWS with the departure of CEO Andy Jassy.

Unexpected Elements - Mixing Covid vaccines

A new trial is about to start in the UK, seeing if different vaccines can be mixed and matched in a two-dose schedule, and whether the timing matters. Governments want to know the answer as vaccines are in short supply. Oxford University’s Matthew Snape takes Roland Pease through the thinking.

Despite the numbers of vaccines being approved for use we still need treatments for Covid-19. A team at the University of North Carolina is upgrading the kind of manufactured antibodies that have been used to treat patients during the pandemic, monoclonal antibodies. Lisa Gralinski explains how they are designing souped-up antibodies that’ll neutralise not just SARS-CoV-2, but a whole range of coronaviruses.

Before global warming, the big ecological worry that exercised environmentalists was acid rain. We’d routinely see pictures of forests across the world dying because of the acid soaking they’d had poisoning the soil. In a way, this has been one of environmental activism’s success stories. The culprit was sulphur in coal and in forecourt fuels – which could be removed, with immediate effect on air quality. But biogeochemist Tobias Goldhammer of the Leibniz Institute in Berlin and colleagues have found that sulphur, from other sources, is still polluting water courses.

There’s been debate over when and where dogs became man’s best friend. Geoff Marsh reports on new research from archaeology and genetics that puts the time at around 20,000 years ago and the place as Siberia.

Could being happier help us fight infectious disease?

As the world embarks on a mass vaccination programme to protect populations from Covid-19, Crowdscience asks whether our mood has any impact on our immune systems. In other words, could being happier help us fight infectious diseases? Marnie Chesterton explores how our mental wellbeing can impact our physical health and hears that stress and anxiety make it harder for our natural defence systems to kick in – a field known as psychoneuroimmunology. Professor Kavita Vedhara from the University of Nottingham explains flu jabs are less successful in patients with chronic stress.

So scientists are coming up with non-pharmacological ways to improve vaccine efficiency. We investigate the idea that watching a short feel-good video before receiving the inoculation could lead to increased production of antibodies to a virus. And talk to Professor Richard Davidson who says mindfulness reduces stress and makes vaccines more effective.

CoinDesk Podcast Network - BREAKDOWN: Wall Street Is ‘The Hunger Games’ With Suits

A reading of Ben Hunt’s latest essay for Epsilon Theory. 

This episode is sponsored by Nexo.io.

On this edition of Long Reads Sunday, NLW reads Ben Hunt’s latest essay “Hunger Games” about the lies of Wall Street and how the GameStop episode has exposed them for all to see. 

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Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

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Image credit: Feodora Chiosea/Getty Images Plus

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Consider This from NPR - BONUS: The Lasting Power Of Whitney Houston’s National Anthem

Why does Whitney Houston's 1991 Super Bowl national anthem still resonate 30 years later? In this episode of NPR's It's Been A Minute, host Sam Sanders chats with author Danyel Smith about that moment of Black history and what it says about race, patriotism and pop culture.

Smith wrote about the significance of that national anthem performance back in 2016 for ESPN.

Listen to more episodes of It's Been A Minute on Apple Podcasts and Spotify.

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