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Episode 8: Negativity Bias: Why We Pay Attention to Bad News

Exponential Wisdom

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Diamonds Are a Perfect Example of Scarcity

As nyouthink bhat, scarcityis only it's valuable because it's scarce. We think of diamond and it's a perfect example of people sort of creating artificial scarcity to drive up the causon for this little piece of carbon. But i advise a company out of the bay area that's just built these ma ns that actually uses a vapor gas deposition. Methane and water and energy go in one end of the machine, and perfect diamonds come out the other. And thbillin thes diamonds a hundred and fif ty times faster than ever before. So imagine if diamonds cost 20 bucks arit. In the future, we will go that way. Youd throw the edge

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