4.6 • 2.7K Ratings
🗓️ 6 June 2023
⏱️ 62 minutes
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0:00.0 | This is a fascinating story. |
0:07.8 | Do you know that every time there's a major crisis, 9-11, the 2008 housing crisis, March |
0:16.4 | 2020 with the pandemic, or even in 1987 when the market fell 20% in the day, every time |
0:22.7 | there's a major, fast crisis like that, there's one type of person, and basically people |
0:29.1 | who follow this one very, very specific investment strategy that make millions and millions of |
0:36.6 | dollars. |
0:37.6 | And this is the only time they make money. |
0:39.6 | But because no one ever expects a crisis to occur, these people make much more money |
0:44.9 | than they lose during quiet periods. |
0:47.2 | So when nothing's happening, when nothing bad is happening, these people lose a tiny |
0:50.4 | bit of money every month. |
0:52.3 | But when the crisis happens, they make thousands of percent on their money. |
0:57.0 | And Scott Patterson wrote a book called Chaos Kings, how Wall Street Chaters make billions |
1:02.9 | in the new age of crisis. |
1:04.2 | He doesn't talk about all Wall Street traders. |
1:06.0 | There's just a handful of people who do this. |
1:07.4 | That'd be a particular type of person. |
1:09.0 | And it's a very particular type of strategy. |
1:11.8 | But we talk about what type of person that is, what type of strategy this is, who these |
1:16.5 | Chaos Kings are and how much money they make. |
1:18.6 | They make billions in some cases. |
1:20.2 | And how you can apply this sort of philosophy to your own life, whether it's investing or |
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