#168: Seek Arbitrage Opportunities

Seeking Wisdom with David Cancel

Molly Sloan

Business, Entrepreneurship

5 • 610 Ratings

🗓️ 19 April 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on Seeking Wisdom, David and Adam talk about arbitrage opportunities. And we're not talking about paying for clicks on Google or looking for a spread. For DC, arbitrage means finding bigger opportunities. It means being contrarian. It means looking for value where others see none. In other words, invest when others won't, hold back when others are greedy. Tune in to hear more now.

Like this episode? Be sure to leave a ⭐️ ⭐️ ⭐️ ⭐️ ⭐️ ⭐️ review and share the pod with your friends. You can connect with DC on Twitter @dcancel @DriftPodcasts or text him to share your feedback at +1-212-380-1036.

For more learnings from DC, check out his weekly newsletter, The One Thing. You can subscribe here: https://www.drift.com/insider/learn/newsletters/dc/

Transcript

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0:00.0	Before we get to the show, did you know you can get more insights just like the ones you're listening to right here on seeking wisdom, deliver right to your inbox?
0:14.1	Sign up to get my weekly newsletter.
0:16.2	It's called The One Thing at drift.com slash DC.
0:24.6	Thank you. one thing at drift.com slash DC. And we're back.
0:26.0	We're brought to you today by whatever products happen to be in Adam's hair.
0:31.4	It's a lot.
0:32.4	That's mini products.
0:34.1	And if you can't see his hair, that's because you're not subscribed to our YouTube page on the YouTube's.
0:38.3	Make sure to subscribe on YouTube so you can see Adam's hair.
0:42.3	Make sure to click on the notification bell so you get notified about every new podcast before all your friends do.
0:49.3	What are we talking about young Adam?
0:51.3	We're talking about the things you wish you knew when you were younger.
0:55.5	And this one is, I mean, really excited about this one.
0:58.5	It's seek arbitrage opportunities, invests when others won't, hold back when others are greedy.
1:05.0	How would you define the word arbitrage to make sure we're all on the same page?
1:09.5	So this is why I'm so excited about this one, because I think when I first hear arbitrage to make sure we're all on the same page. So this is why I'm so excited about this one, because I think when I first hear arbitrage,
1:15.4	I start thinking about I'm going to buy clicks on Google and I'm going to sell something and
1:20.9	there's a spread.
1:22.6	And I don't think that's what this is about.
1:24.6	I think this is about finding kind of bigger opportunities to be
1:30.2	contrarian and right and finding kind of the arbitrage that others aren't seeing. I don't think
1:35.6	this is just a math game of, you know, how you get clicks. So the definition on Wikipedia,
	...

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