Hyper-stimulants (caffeine, nicotine, social media, alcohol, recreational drugs, porn) make emotional self-regulation harder for smart people; Pascet had to quit caffeine in late 2016 after noticing he couldn't emotionally regulate when stocks moved against him while drinking coffee.

normativepending

Speaker

Alex Pascet

Evidence Quote

I had to quit caffeine... I was noticing that... a stock was going against me and usually I'm able to emotionally regulate and I wasn't able to. And it's when I quit caffeine that a lot of that came back. [28:24]

Source

Hedge Fund Manager Alix Pasquet: Why Smart People Lose MoneyOdds on Open
Created: 8/12/2026, 10:28:18 PM

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