#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
#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 (https://audible.com/lex) to get $9.95 a month for 6 months

– Tryolabs: https://tryolabs.com/lex (https://tryolabs.com/lex)

– Blinkist: https://blinkist.com/lex (https://blinkist.com/lex) and use code LEX to get 25% off premium

– Athletic Greens: https://athleticgreens.com/lex (https://athleticgreens.com/lex) and use code LEX to get 1 month of fish oil

EPISODE LINKS:

Richard’s Twitter: https://twitter.com/richardcraib (https://twitter.com/richardcraib)

Numerai’s Twitter: https://twitter.com/numerai (https://twitter.com/numerai)

Numerai’s Website: https://numer.ai (https://numer.ai)

PODCAST INFO:

Podcast website: https://lexfridman.com/podcast (https://lexfridman.com/podcast)

Apple Podcasts: https://apple.co/2lwqZIr (https://apple.co/2lwqZIr)

Spotify: https://spoti.fi/2nEwCF8 (https://spoti.fi/2nEwCF8)

RSS: https://lexfridman.com/feed/podcast/ (https://lexfridman.com/feed/podcast/)

YouTube Full Episodes: https://youtube.com/lexfridman (https://youtube.com/lexfridman)

YouTube Clips: https://youtube.com/lexclips (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 (https://www.patreon.com/lexfridman)

– Twitter: https://twitter.com/lexfridman (https://twitter.com/lexfridman)

– Instagram: https://www.instagram.com/lexfridman (https://www.instagram.com/lexfridman)

– LinkedIn: https://www.linkedin.com/in/lexfridman (https://www.linkedin.com/in/lexfridman)

– Facebook: https://www.facebook.com/LexFridmanPage (https://www.facebook.com/LexFridmanPage)

– Medium: https://medium.com/@lexfridman (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

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