FYI: 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.
Regards,
Ted
http://awealthofcommonsense.com/2017/11/animal-spirits-episode-6-bitcoin-bubbles-bananas/
