a16z Live

One on One with A and Z #12: What is the most misunderstood area of markets?

Episode Summary

Marc and Ben on why the efficient market hypothesis isn't quite what it seems, stocks don't really exist, and all information is by definition surprise.

Episode Notes

This is an excerpt from the a16z Clubhouse show One on One with A and Z, where a16z cofounders Marc Andreessen and Ben Horowitz answer questions on tech trends, company building, and more. To catch full live episodes of the show, follow the a16z Club on Clubhouse.