Scott Nations

speaker

580 appearances 1 recordings 1 series first heard Jan 2026 last heard 16 Jan

Scott Nations’s voice in public audio — every appearance, attributed to the second.

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

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Prof G Markets · Your Brain is the Worst Investor in the Room — ft. Scott Nations · 16 Jan 2026 podcast

The guy responsible for running portfolio insurance for the biggest portfolio insurer at one point said, nope, I'm going to stop because if I sell everything I'm supposed to, I'm going to drive the market down to zero.

That was his quote.

In 2008, it was mortgage-backed securities.

So are the prediction mark, could that be the prediction markets this time?

I'm not sure they're going to have the opportunity to get big enough to really cause a problem.

But and you can say what you want to about options or futures.

But when I became a member originally of the Chicago Board of Trade, they hammered home the point that futures markets were there to help people hedge risk.

whether it's your wheat farmer or your flour mill or you're an insurance company and you need exposure to the S&P 500 or whatever.

That's not going on with the prediction markets.

Nobody has a risk to hedge if they want to bet on what happens in Venezuela over the next 30 days.

They don't have that.

That's not a risk that they need to hedge.

And so, yeah, it's gamification.

And

Worries about insider trading abound now.

Worries that people are not really reading the details of the contracts, so they don't really understand what they're betting on.

And it's a bet.

It's not an investment.

It's not a hedge.

So I understand why people are enamored because they're new and these things are timely.

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