About this episode
Agustin Lebron began his career as a trader and researcher at Jane Street Capital, one of the largest market-making firms in the world. He currently runs the consulting firm Essilen Research, where he is dedicated to helping clients integrate modern decision-making approaches in their business. We discuss how AI will change finance, why adverse selection makes trading and hiring so difficult, & what the future of crypto holds. Watch on YouTube , or listen on Spotify , Apple Podcasts , or any other podcast platform. Episode website here . Buy The Laws of Trading . Follow Agustin on Twitter . Follow me on Twitter for updates on future episodes. Subscribe to find out about future episodes! Timestamps: (00:00) - Introduction (04:18) - What happens in adverse selection? (09:22) - Why is having domain expertise in trading not important? (15:09) - How do you deal when you're on the other side of the adverse selection? (21:16) - Why you should invest in training your people? (25:37) - Is finance too big at 9% of GDP? (31:06) - Trading is very labor intensive (36:16) - Overlap of rationality community and trading (48:00) - The age of startup founders (50:43) - The role of market makers in crypto (57:31) - Three books that you recommend (58:47) - Life is long, not short (1:03:01) - Short history of Lunar Society Please share if you enjoyed this episode! Helps out a ton! Get full access to Dwarkesh Podcast at www.dwarkesh.com/subscribe