Saved by sari and
On bullshit in investing
Silicon Valley and Wall Street invent collateralized GPU obligations. Surely this will work out fine
Amy Castorpivot-to-ai.com
There is a palpable component of financial nihilism here – the idea that cost of living is strangling most Americans; that upward mobility opportunity is out of reach for increasingly more people; that median home prices divided by median income is at a completely untenable level. All of that is true, so you need to really swing for the fences. Why... See more
Travis Kling • Tweet
In essence, we’ve been making plans—whether consciously or not—as if we would have ongoing productivity growth of 3 percent or more, along with the asset prices that would accompany such a boom. When you combine plans based on 3 percent gains with a reality of much inferior performance, sooner or later you get a crash.
Tyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
I would argue that in the current crypto market, this assumption couldn’t be further from reality. An oversimplified view of token valuation is that the price of a token = actual value + noise.