David Weisburd

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What's one key thing that you've changed your opinion on in the last 12 months?

Someone's inefficiency is somebody else's profit center.

Over the last 18 years, if you could go back when you first started at Citadel, what is one piece of timeless advice that you'd give a younger Yuval that would have either accelerated your career or helped you avoid constant mistakes?

Don't you think there's a survivorship bias there?

You obviously ended up being extremely successful, but not all simulations would have led to that outcome.

Most people are too conservative.

So telling people to take risks brings them closer to the efficient frontier than if they were super risk-taking, then you would actually probably get the opposite advice.

What did they say?

A students work for B students by companies founded by C students.

Exactly, exactly.

Well, Yuval, thanks so much for jumping on the podcast.

Looking forward to continuing this a lot.

That's it for today's episode of How I Invest.

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