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117 - Timeless Wisdom for Crypto Investors | Jim O'Shaughnessy
Bankless
What's the Difference Between Market Cap and Market Cap?
All markets are that their complex adaptive systems with feedback loops, and that they work very, very well when beliefs of participants are heterogeneous. In those kind of market environments, markets are amazing. They clear. And you run into trouble when you hit on one of these crazes, ok? And what happens is those feedback loops speed up, and they create what i call information falls. So this chart pattern basically you see it everywhere where a craze or what like a mine virus takes over. It starts back there. You know, fast forward to the united states, where the biggest market. There's alot examples here, railroad stocks. I mean, people who think that tesla
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