#159 – Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading

About this episode

<p>Richard Craib is the founder of Numerai, a crowd-sourced, AI-run stock trading system. Please support this podcast by checking out our sponsors:<br /> &#8211; <b>Audible</b>: <a href="https://audible.com/lex">https://audible.com/lex</a> to get $9.95 a month for 6 months<br /> &#8211; <b>Tryolabs</b>: <a href="https://tryolabs.com/lex">https://tryolabs.com/lex</a><br /> &#8211; <b>Blinkist</b>: <a href="https://blinkist.com/lex">https://blinkist.com/lex</a> and use code LEX to get 25% off premium<br /> &#8211; <b>Athletic Greens</b>: <a href="https://athleticgreens.com/lex">https://athleticgreens.com/lex</a> and use code LEX to get 1 month of fish oil</p> <p><b>EPISODE LINKS:</b><br /> Richard&#8217;s Twitter: <a href="https://twitter.com/richardcraib">https://twitter.com/richardcraib</a><br /> Numerai&#8217;s Twitter: <a href="https://twitter.com/numerai">https://twitter.com/numerai</a><br /> Numerai&#8217;s Website: <a href="https://numer.ai">https://numer.ai</a></p> <p><b>PODCAST INFO:</b><br /> Podcast website: <a href="https://lexfridman.com/podcast">https://lexfridman.com/podcast</a><br /> Apple Podcasts: <a href="https://apple.co/2lwqZIr">https://apple.co/2lwqZIr</a><br /> Spotify: <a href="https://spoti.fi/2nEwCF8">https://spoti.fi/2nEwCF8</a><br /> RSS: <a href="https://lexfridman.com/feed/podcast/">https://lexfridman.com/feed/podcast/</a><br /> YouTube Full Episodes: <a href="https://youtube.com/lexfridman">https://youtube.com/lexfridman</a><br /> YouTube Clips: <a href="https://youtube.com/lexclips">https://youtube.com/lexclips</a></p> <p><b>SUPPORT &#38; CONNECT:</b><br /> &#8211; Check out the sponsors above, it&#8217;s the best way to support this podcast<br /> &#8211; Support on Patreon: <a href="https://www.patreon.com/lexfridman">https://www.patreon.com/lexfridman</a><br /> &#8211; Twitter: <a href="https://twitter.com/lexfridman">https://twitter.com/lexfridman</a><br /> &#8211; Instagram: <a href="https://www.instagram.com/lexfridman">https://www.instagram.com/lexfridman</a><br /> &#8211; LinkedIn: <a href="https://www.linkedin.com/in/lexfridman">https://www.linkedin.com/in/lexfridman</a><br /> &#8211; Facebook: <a href="https://www.facebook.com/LexFridmanPage">https://www.facebook.com/LexFridmanPage</a><br /> &#8211; Medium: <a href="https://medium.com/@lexfridman">https://medium.com/@lexfridman</a></p> <p><b>OUTLINE:</b><br /> Here&#8217;s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.<br /> (00:00) &#8211; Introduction<br /> (08:12) &#8211; WallStreetBets and GameStop saga<br /> (22:25) &#8211; Evil shorting and chill shorting<br /> (24:31) &#8211; Hedge funds<br /> (30:04) &#8211; Vlad<br /> (37:00) &#8211; Numerai<br /> (1:04:16) &#8211; Futre of AI in stock trading<br /> (1:09:55) &#8211; Numerai data<br /> (1:13:37) &#8211; Is stock trading gambling or investing?<br /> (1:17:32) &#8211; What is money?<br /> (1:20:49) &#8211; Cryptocurrency<br /> (1:24:06) &#8211; Dogecoin<br /> (1:28:36) &#8211; Advice for startups<br /> (1:44:27) &#8211; Book recommendations<br /> (1:46:29) &#8211; Advice for young people<br /> (1:50:30) &#8211; Meaning of life</p>