Alex Heath
๐ค SpeakerAppearances Over Time
Podcast Appearances
And from the beginning, it's like if we can build a financial market in a regulated, safe way, like where you put the right set of customer protection and you let people kind of openly and transparently trade against each other, that could be very interesting things because you can have this sort of like social crowdsourced, let's figure out the truth together.
Let's figure out the price.
The same way that markets figure out the price of.
That's a great question.
I actually think so.
You know, it's interesting.
Like, I think that because, like, let's think about it in simple terms, right?
Like, if you go to stock market and try to buy an option on Tesla, like, how could you know more than, like, the market makers?
I mean, I actually worked at some of these.
How could you?
It's kind of rigged there.
It's like there's asymmetric information.
The large institutions, Wall Street has more information about where options and stocks are going to move than the average person.
It's kind of a truth.
And no matter what you do, you can do all the research in the world on the stock.
You're not going to have the vast data sets and pools of data that the big hedge funds have.
So they will always have an advantage over you.
And to me, it's that imbalance of advantage that make it sort of like,
It's very hard to actually gain an edge if you put effort into the stock market.
On CalSheet, it's different because there's a team of traders, for example, on the weather that scrapes satellite data and they create correlation patterns and they have meteorologists in the team, et cetera.