--- title: "Dose of Alpha Episode #2: Risk: Are You A Gambler Or Investor? | AlphaGrowth" description: "It's a great episode. If you enjoy it, share it with a friend. Chapters 0:00 Defining and Pricing Risk 1:10 Risk Vs. Reward, in DeFi and TradFi 2:02 Types o" url: "https://alphagrowth.io/blog/dose-of-alpha-episode-2-risk-are-you-a-gambler-or-investor/" --- [Back to blog](https://alphagrowth.io/blog/index.md) Author Kyril Vlasenko Podcast DeFi 1 min read / 7 months ago # Dose of Alpha Episode #2: Risk: Are You A Gambler Or Investor? AlphaGrowth CEO Bryan Colligan and DeFi Strategist Eric Waisanen get deep into the weeds with AlphaGrowth's latest podcast: Dose of Alpha— Episode #2: Risk: Are You A Gambler or Investor? In each episode Colligan and Waisanen share unfiltered perspectives exploring decentralized finance, market maneuvers, TradFi convergence, and the enduring importance of crypto in today’s political and economic landscape. Episode #2 brings some incredible questions and answers as Bryan and Eric discuss Risk: What is risk? How do you price it? What kind of risks do you see in DeFi? How does that differ from what you see in TradFi? Classifying types of risk, government bailouts in crypto, and the fiasco that was October 10th (10/10). It's a great episode. If you enjoy it, share it with a friend. Chapters 0:00 Defining and Pricing Risk 1:10 Risk Vs. Reward, in DeFi and TradFi 2:02 Types of Risk 4:53 Speedrunning Traditional Finance 6:25 Government Bailouts and Crypto 7:19 Flight to Quality 8:16 Gambling vs. Investing: The Role of Expected Value 10:49 Scopes of EV 12:47 Risks in the Structured Products We're Building 13:09 Liquidations & Time Duration Risk 17:59 APRs and Risk-Adjusted Returns 20:18 Restaking Presentation at ETH Denver 22:23 Case Study: Analyzing October 10th 25:31 Fractional Reserves and Systemic Contagion 28:19 Centralization Risks and the Future of Risk Management The AlphaGrowth team is excited to bring you real-time intel from the DeFi front lines, each week as we release new episodes. Stay tuned for more! And don't forget to comment and share your thoughts with us on [**YouTube**](https://www.youtube.com/@alphagrowth/videos), [**Spotify**](https://open.spotify.com/show/3qrkJE2krg8GhYvRrEVj7L?si=de929349abe14525), [**X**](https://x.com/alphagrowth1), [**Apple Podcasts**](https://podcasts.apple.com/us/podcast/dose-of-alpha/id1878202321)⁠. Bring RWAs onchain with AlphaGrowth in 2026: [**alphagrowth.io⁠**](https://alphagrowth.io/). Episode 2 Links: [**⁠Am I A Degenerate Gambler Quiz⁠**](https://gamblersanonymous.org/20-questions/) [**⁠Insurance & Reinusrance Through Restaking From Eric Waisanen AlphaGrowth**](https://www.youtube.com/watch?v=NPMYXAMHgT4) SHARE THIS [Share on X](https://x.com/intent/tweet?text=Dose%20of%20Alpha%20Episode%20%232%3A%20Risk%3A%20Are%20You%20A%20Gambler%20Or%20Investor%3F&url=https%3A%2F%2Falphagrowth.io%2Fblog%2Fdose-of-alpha-episode-2-risk-are-you-a-gambler-or-investor%2F) [Share on LinkedIn](https://www.linkedin.com/sharing/share-offsite/?url=https://alphagrowth.io/blog/dose-of-alpha-episode-2-risk-are-you-a-gambler-or-investor/) ## Related news Growth Hacking Market Analysis Podcast [### Hot Takes Cardano Prime builders vol.1 with Alpha Growth](https://alphagrowth.io/blog/hot-takes-cardano-prime-builders-vol1-with-alpha-growth/index.md) Oksana Vlasenko / 2 min / 2 days ago Biz Dev Growth Hacking [### Fund the Founder, Not Just a Code](https://alphagrowth.io/blog/fund-the-founder-not-just-a-code/index.md) Bryan Colligan / 6 min / 4 weeks ago Growth Hacking Real Yield [### Where Whales Look: Getting Your Yield Found](https://alphagrowth.io/blog/where-whales-look-getting-your-yield-found/index.md) Bryan Colligan / 5 min / 4 weeks ago