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The Importance of Humility in Finance
"I'm with you 100%. Because everyone's going to be wrong most of the time," he says. "It's was the rationale behind your decision coming from a place of critical thinking and sound logic" He adds that it's not like writing somebody off just because they're wrong once. But are you humble enough to lower your ego and take it as a learning opportunity?
Anil Patel talks about his new book, The Bitcoin Handbook. There are many different fields of study Bitcoin touches that it can be difficult for people to grasp all the complexity in harmonizing concepts that are happening on this protocol. In this interview, Anil went on an intellectual journey simplifying and stitching it all together.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:15 - What was Anil trying to accomplish with the book?
06:59 - Of all the mental models and paradoxes mentioned in the book, what does Anil find the most profound?
12:22 - What is Jevon's Paradox?
23:39 - Network Effects.
29:52 - Reflexivity and how it applies to Bitcoin.
32:56 - Why are the laws of Thermodynamics important?
38:25 - Gall's Law.
43:44 - What is the intransigent minority and why is it important
53:31 - What is something the Bitcoin community could do better?
57:50 - Anil's favorite books.
01:00:09 - Why is it hard to be a Bitcoiner?
BOOKS AND RESOURCES
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