5min chapter

"Moment of Zen"  cover image

E18: How to pick markets, why NFTs matter, what "disinformation" is actually about

"Moment of Zen"

CHAPTER

The Importance of Illiquidity in Silicon Valley

There are a lot of people you thought they were too late, but actually it was the right time. The default model in Silicon Valley is that takes seven to ten years to actually come to fruition and so you get this like Compounding over that time period. Illiquidity is actually really good for the types of people who are good at figuring out new technology. And I think Cryptos just like it gets distorted quite a bit because then there's a lot of liquidity happening before the technological progress.

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