The ACID Capitalist Podcast The Curse of Knowing
Jul 7, 2025
Steve Drobny, founder of Clocktower Group and global hedge fund advisor, shares his insights on the challenges of foresight in finance. He discusses the surreal contrasts of post-riot America and draws parallels between historical economic shifts, like the Gold Rush and today's tech boom. Drobny delves into the impact of social media on investing and how knowing the future can evoke doubt rather than control. With humor and literary references, he explores the complexities of decision-making in the ever-evolving financial landscape.
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Episode notes
Meeting Hannah From The Future
- Hugh Hendry shared a story about meeting a young woman who asked where he was from.
- He replied "from the future," highlighting a surreal detachment from present reality.
Treasury Bills As New "Spice"
- The U.S. economy now revolves around the extraction of treasury bills, likened to the spice in "Dune."
- This "treasury spice" lubricates global trade and distorts exchange rates, holding immense systemic power.
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