Richard Craib - Crowd-Sourced Alpha with Numerai (S7E28)

Corey Hoffstein and Richard Craib delve into the intricacies of NumeraI, exploring its operational model and the role of the Numeraire token. Richard shares insights into machine learning applications, data obfuscation, and staking mechanics, highlighting the importance of residual correlation and user protection against adversarial behaviors. The discussion covers crowdsourcing investment strategies, Numeraire token economics, and orthogonal alpha. They compare liquidity and hedge fund dynamics, discuss stake-weighted meta models, and reflect on risk management enhancements following the 2023 drawdown. The episode concludes with a look at Numerai's advancements, real-world alpha signals, and Richard's personal passions.