2min chapter

Invest Like the Best with Patrick O'Shaughnessy cover image

Team Ritholtz - The Wu Tang Clan of Finance - [Invest Like the Best, EP.52]

Invest Like the Best with Patrick O'Shaughnessy

CHAPTER

The Psychology of the Bubble

It's all self-taught because everybody else was doing it wrong and being really annoying about it. So I don't have an economics background, but the psychology of the game theory behind what becomes a bubble is fascinating. The first block of transactions is literally called the Genesis block. How much more biblical can you get than that? Maybe this works out and we all look back and say, why don't we just throw 10% of our net worth into it? Or maybe the thing crashes and burns and people say, how much money these idiots lose to it?

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