Cryptocurrency Is a Better Solution Than the Existing Financial System

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You have to decide what is the right balance between offence and defence in your portfolio. Just because some one got rich doesn't mean that they made a good decision. You also, probably aren't hearing about their winners. And just from my understanding of investing, like a big part of it is not picking the big winners. It's avoiding the big losers,. Those can actually wipe out all your profits and make things really bad. So as an investor, you have pretty much two corpe risks - losing money or missing opportunity. How you allocate your capital depends on how you view these risks.

At a time where several asset classes are at all-time highs, there's a lot of talk about whether we're in a bubble. That, coupled with crypto assets falling to ~half of their highs, prompted Cal and Steph to dive in to try to answer this question.

In this episode, they discuss the markings of past bubbles, the innovation hype cycle, the difficulty in profiting from nascent innovations, the importance of educating yourself and building your own conviction behind your decisions, managing your psychology (offense vs defense), the cyclical nature of market cycles, and of course... the burning question of whether they think we're in a bubble today.

They also share how they've fared in crypto and how they're thinking about investing moving forward (including Cal's foray into de-fi)

Recommended resources include the books "The Simple Path to Wealth" and "A Random Walk Down Wallstreet", as well as economic indicators like the Shiller PE ratio: https://www.multpl.com/shiller-pe

*** NOT FINANCIAL ADVICE *** :)