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#163 – Eric Weinstein: Difficult Conversations, Freedom of Speech, and Physics
Lex Fridman Podcast
The Cycle Theory of Market Analysis
Economists are effectively the flat earth society of market analysis. They don't understand that what they've called, and they've actually called it the cycling problem, is exactly what they need to understand to advance their field. So even though both funds had closed loops that come back to the original states, what happened during the period that they were active tells you how people are supposed to be compensated.
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