Conversations with Tyler / episode intelligence
Speakers in the public record
Claim mix
Evidence policy
Every row below preserves an exact excerpt. Identified speakers are linked; unresolved voices are labeled and excluded from people counts.
Claim ledger
25 published records
01 / commitment
“I recognize intellectually you need those times while I will whine and cry horribly during those times.”
02 / belief
“I think of you as doing a kind of metaphysics of human nature. On one side, there’s behavioral economics.”
03 / belief
“For me, to come up with a scenario, not a prediction, not something I think is a good bet, but a reasonable scenario that could happen in the next 20 years, for instance, for a workout, I need one word.”
04 / belief
“I’m not sure exactly what’s the single asset price here I want to call a bubble, but that’s my biggest worry, where I think maybe the market isn’t pricing that whole combination correctly.”
05 / belief
“If everyone did them yesterday, they would go away. They work in my opinion — again using my version of “work” — in kind of a sweet spot.”
06 / belief
“Let me take this another way. I think we are mixing overconfidence with overreaction a little bit.”
07 / belief
“Cliff, when I think of your work, the very first word which comes to my mind is momentum.”
08 / belief
“I think that’s because no matter how crazy they might have gone, nobody thought they’re utterly riskless.”
09 / belief
“I think hockey fans don’t miss this, but the general public misses that he was a guy who was undersized, less fast — slower.”
10 / uncertainty
“Now I’m going to tell you I don’t know if we’re overweight or underweight biotech.”
11 / commitment
“We are honored to have as our guest Kareem Abdul‑Jabbar. We will cover a wide variety of topics.”
12 / belief
“Now, I think I’m interested in this issue, as I think you are. Extreme performances or performers, and it’s measured most readily in sports.”
13 / belief
“Has to be someone fairly terrible in my mind because it has to be a counterexample.”
14 / belief
“I’m not revealing anything that you might not know. But I think counterexamples are probably more powerful than anything else.”
15 / belief
“I have a lot of friends who I agree with who’ll say “we have too much regulation,” I’ll go “check.”
16 / evaluation
“A bubble to me is something still subjective, because your answer may not be the same as mine, but is something I’ve tried my best to come up with future assumptions of growth, be it for a stock, inflation if it’s a bond, and current price, and I can’t come up with assumptions that would lead any rational investor, subjective again, to want to own this.”
17 / evaluation
“Value, buying cheap and selling expensive, has a little better of a risk story on this front, because it has suffered empirically in the Great Depression, in the global financial crisis.”
18 / recommendation
“I think pretty much nobody in an expected sense — of course, some will get lucky — should do that casually.”
19 / prediction
“I think the last 20, 30 years, equities look better versus bonds than they have in a while, but that’s because the tech bubble dominates a lot of the last 20, 30 years.”
20 / evaluation
“We’ve hit this level before for portfolio. I used to think 100th percentile was pretty impressive in my career.”
21 / evaluation
“When I read all this as an outsider, I conclude we don’t know anything about risk.”
22 / evaluation
“I’ve talked about a few of them, but on average I think people try too hard to beat the market and pay too much for it.”
23 / evaluation
“If you are the 100th percentile today, but you’re 150 percent of the prior 100th percentile excluding the last couple years, that means you’ve shot off to the moon.”
24 / evaluation
“The bad part is they do not, as a group (and keep in mind, this is self-serving, but we run things people would call hedge funds, not all of our business by any means, we think we are not doing this, we don’t think we are the only ones giving clients the fair deal, I am talking about the industry as a whole) doesn’t hedge enough.”
25 / evaluation
“The numbers I gave you that you can add versus, say, the Russell 1000, 125 basis points, understates the power greatly because momentum is also in geek speak negatively correlated with value.”