In this episode, Byrne Hobart joined Matjaž Leonardis in Austin for an Interintellect salon — a platform for 21st-century intellectual discourse—to discuss his new book Boom: Bubbles at the End of Stagnation, exploring how technological advancements, market paradoxes, and historical and modern financial bubbles — from the Manhattan Project to cryptocurrencies — reveal the complex dynamics between innovation, ideology, ambition, and hyper-financialization in a nonpolitical, high-quality conversation among leading and emerging thinkers.
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Highlights from the Episode:
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Two Types of Bubbles: Extrapolation bubbles predict transformative future changes unlike the past, while mean reversion bubbles project an intensified continuation of past trends.
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Financial Markets and Risk-Taking: Financial markets can both encourage and inhibit innovation.
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Talent Allocation: The sectors where talented individuals choose to work—shifting historically from government to the private sector to finance—profoundly shape the direction and nature of society’s major innovations and projects.
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Different Investment Approaches: George Soros - Identifies momentum and rides bubbles up, then exits when sentiment changes.
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Bubbles and Progress: Many transformative bubbles involve building multiple things in parallel that wouldn't make sense individually.
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LINKS:
Byrne’s writing: https://thediff.co
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X / TWITTER:
https://twitter.com/ByrneHobart (Byrne)
https://twitter.com/TurpentineMedia (Turpentine)
