36. Michael Saylor, stock-to-flow, and praxeology
The Bitcoin Standard Podcast
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The Importance of Statistical Modeling of Human Affairs
"You would expect that this model would fail so you know when i first heard about this when i first saw this guy post this thing on twitter my initial reaction was oh okay cool," he said. "In grad school i used to study these models and i did a whole bunch of um statistical work but with this one or let me put it this way mises is what allowed me to understand why statistical modeling was always not comparable to scientific relationships" He added: "The history of finance is full of people trusting models and then coming crashing against reality"
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