3min chapter

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#15 – Naval Ravikant and Brett Hall: Knowledge, Constraints, and Truth-Seeking Mechanisms

Arjun Khemani Podcast

CHAPTER

The Constraint of Knowledge Creation

If truth is efficiency, then free market certainly find that, right? Over time, they find that equally very in between assets at capital allocated and overall return to customers. But there's a different version of truth that doesn't necessarily line up with reality. And I think I'll push back on the wealth creation thing being knowable because by definition, I think it's more like clutch and information. It's pure surprise. The reason it creates wealth is because it's a shock versus what prior expectations were. A surprise might be why it didn't exist in the system before, but knowledge creation leads to wealth creation.

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