Alex Heath
๐ค SpeakerAppearances Over Time
Podcast Appearances
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.
And they figure out all these sophisticated data science models to predict the weather next day.
And they are making money of it.
They're pretty successful.
And the beauty of it is like, I don't think the hedge funds have any more information than they do, right?