#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 – Twitter: https://twitter.com/lexfridman – 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