Richard Craib

speaker

238 appearances 1 recordings 1 series first heard Jul 2026 last heard 31 Jul

Richard Craib’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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TBPN · Leopold is Back! Big Tech Earnings, Defense Tech Deep Dive | Richard Craib, Trae Stephens, Blake Resnick · 31 Jul 2026 podcast

But I was a 28-year-old hedge fund manager.

And I did also have this perception that surely these big hedge funds are just so risk averse that it's almost like for psychological reasons, they refuse to take enough risk.

And I've come to learn that they're taking nearly the exact amount of risk.

that you should take because these things are mathematical.

There's a right amount of risk to take if you have a certain Sharpe ratio.

And those numbers are smaller than you think if you want to run money for a very long time, right?

So, you know, Leopold was up 400% in H1 of 2026.

Well, Warren Buffett was up 5 million percent.

by basically being sensible for a very long time.

So do you want to do the 400 and then lose everything?

Or do you want to do the 5 million that it takes 30 years?

So I think that's kind of like the orientation you have to think about.

So it's not that some people are unwilling to take risk.

It's that they are already taking that risk.

It's just a small part of their portfolio.

So there's no doubt that in the markets, numerized AI models that are trading thousands of stocks at all times that we intersected with situational awareness.

And we bought some of their positions and sold some of their positions and maybe had similar alpha if you constrain our portfolio to just look at that segment of the market.

Sure, sure.

But we didn't do it at the wrong size, you could say.

Yeah.

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