underscoredpodcasts

@underscoredpodcasts

9 clips · 1 follower

Follow
Tag:contrarian-thinkingClear

The thing that makes a great investor is this idea that they're able to hold conflicting ideas simultaneously. They can be a bull and a bear on the same company. They can be optimistic and pessimistic at the same time. And they're able to weigh those things and come to a conclusion that they can act on.

Invest Like the Best with Patrick O'Shaughnessy
1d ago

It was basically sort of thought to be career suicide. Like of course we know AI doesn't work. You know, we tried it in the 90s, places like MIT and it was a dead end. You know, and that was the prevailing view. But we just felt the small band of us felt that that actually with the right ideas and using learning systems, reinforcement learning and betting on neural networks that a lot of fast progress could be made.

2w ago

I think the biggest lesson I've learned is that the market is a discounting mechanism for the future, not the present. And what that means is that when things look the darkest, that's often when the best opportunities exist, and when things look the brightest, that's often when the risk is highest.

1mo ago

I think there's a lot of conformity bias in investing and in life generally. If you look at most investment committees, most investment letters, most investment frameworks, they look the same. And I think that there's a reason for that — it's career protection. If you're wrong and you're wrong the way everyone else is wrong, then you're not singled out.

1mo ago

Underscored — save the words that stop you in your tracks.

Start saving quotes →