An asset that has a series of cash floes attached to it is a very different beast than one that is relying on the as another friend of mine calls it, the price to magic ratio. Price to magic is essentially where every one ascribes value to the asset if and only if magical things actually occur. The other thing that is really interesting that illustrate this idea about what actually drives prices, for good or for bad, was that at the time of the south sea trading bubble, people actually wrote poems about the stock.
Johnathan Bi started out getting trained in Mathematics, and then eventually went on to study Philosophy and Computer Science at Columbia. He hosts a lecture series on René Girard’s Mimetic Theory and is also a founding member of Lonsdale Investment Technology. Important Links:
Show Notes:
- Becoming pessimistic with age
- Humiliation always comes back to bite you
- How Jonathan got introduced to Buddhism and Girard
- Why Jonathan left academia
- The driving human emotion
- Has modernity ignored the “spirit”?
- Girard’s apocalyptic predictions
- Wild, wild west of capitalism
- The mystery with the discovery of the skull
- What does eugenics say about science?
- Science becoming dictatorial
- Buddhism figuring out the inner telescope
- Physical vs. metaphysical desires
- Mimesis in asset valuation
- Price to magic ratio
- Nietzsche's will of power
- Is delusion bad?
- Can internet lead to greater violence?
- “The Buddhist Solution”
- Girard—A rescuer of spirit
- And MUCH more!
Books Mentioned:
- The Status Game; by Will Storr
- The Struggle for Recognition; by Axel Honneth
- Sapiens; by Yuval Noah Harari
- The Science of Storytelling; by Will Storr
- The Origin of Species; Charles Darwin
- Untimely Meditations; by Friedrich Nietzsche