Animal Spirits Episode 6: Bitcoin, Bubbles & Bananas

On this week’s Animal Spirits with Michael & Ben we discuss:

  • Bitcoin’s meteoric price rise.
  • The difficulty of predicting the demise of a bubble.
  • How price drives investor narratives.
  • Why storytelling is so important for the spread of ideas.
  • The problem with making saving money your sole goal in life.
  • The difficulty of breaking through in the asset management business (even with a great track record).
  • Why people expect the future to be a slightly modified version of the past.

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