AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
What You Think You Want vs. What You Really Want, with Luke Burgis
Afford Anything
The Reflexive Feedback Loop
2min Snip
00:00
Summary
Transcript
Episode notes
The alchemy of finance is reflexivity. I markets and really all of social life is reflexive in the sense that where kind of all in this web together. And perception shapes reality. So if we perceive that there's going to be a crash in a stock or a market crash, it alters our behaviour. We might sell thinking that we'rethe first ones to get out. But then quickly changes perception again. There's just this reflexive feedback loop almost. Which is deeply related to this idea of mamesis and imitation,. Though we're always thinking about what other people about us.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode