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BTC055: What is the Cantillon Effect w/ Sahil Bloom (Bitcoin Podcast)

Dec 8, 2021

Guest

Sahil Bloom

Sahil Bloom, a content creator and investor noted for his engaging finance threads, dives into fascinating economic concepts. He explains the Cantillon Effect and its significant implications for wealth distribution and investing strategies. Sahil shares insights on portfolio construction in today's volatile market, emphasizing growth sectors and the stability of assets like Bitcoin. He also discusses the evolving landscape of content consumption and highlights the need for improving financial literacy through innovative proposals.

58:33

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ANECDOTE

Sahil's Background

Sahil Bloom's background includes playing baseball at Stanford and working in private equity.
His interest in Bitcoin began in 2014 when a friend mined it in his dorm room.

insights

INSIGHT

Twitter Threads

Twitter threads are more engaging than articles due to their low buy-in and the platform's algorithm favors them.
Sahil Bloom uses threads to create a Twitter-native blog, linking back to earlier threads to establish foundations.

insights

INSIGHT

Threads vs. Articles

Thread format encourages conciseness and reduces commitment for readers compared to long-form articles.
Decentralized media like Twitter allows escaping traditional clickbait and provides an idea meritocracy.

Get the Snipd Podcast app to discover more snips from this episode

From Baseball Dreams to Bitcoin Insights

01:45 • 20min

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Wealth Dynamics and Bitcoin Insights

21:44 • 8min

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Navigating Portfolio Construction in Challenging Economic Times

29:58 • 4min

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Analyzing the Federal Reserve Chair Re-nomination and Market Reactions

33:46 • 2min

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Rethinking Economic Inclusion

35:22 • 7min

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Reforming Retirement: The Cantillon Effect and Bitcoin

42:10 • 5min

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The Evergrande Crisis: A Tipping Point for China's Economy

47:02 • 16min

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Barbarians at the gate

The Fall of RJR Nabisco

Bryan Burrough

Barbarians at the Gate is a detailed and engaging narrative about the takeover of RJR Nabisco in 1988. Written by investigative journalists Bryan Burrough and John Helyar, the book provides an unprecedented look at the financial operations and social history of the time. It centers around F. Ross Johnson's plan to buy out RJR Nabisco, which led to a bidding war involving prominent figures like Henry Kravis and Ted Forstmann. The book includes a new afterword that updates the story twenty years after the deal, tracing the subsequent success and failure of those involved and the impact of the story on the world.

When Breath Becomes Air

E. Z. - Reader

In this profoundly moving memoir, Paul Kalanithi chronicles his transformation from a medical student to a neurosurgeon at Stanford, and finally to a patient confronting his own mortality. Diagnosed with stage IV lung cancer at 36, Kalanithi grapples with fundamental philosophical questions about what makes a life worth living in the face of death. The book is a reflection on the challenge of facing death and the relationship between doctor and patient, written with eloquence and intelligence. Kalanithi's writing delves into his lifelong love of literature and his attempt to connect the sciences and humanities to gain a greater understanding of humanity.

Atlas Shrugged

Ayn Rand

Published in 1957, 'Atlas Shrugged' is Ayn Rand's magnum opus and her longest novel. The story is set in a dystopian United States where increasingly burdensome laws and regulations strangle innovation and productivity. The plot follows Dagny Taggart, a railroad executive, and Hank Rearden, a steel magnate, as they struggle against 'looters' who exploit their work. A mysterious figure named John Galt leads a strike of productive individuals, persuading them to abandon their companies and disappear. The novel culminates with Galt's three-hour radio speech explaining his philosophy of Objectivism, which emphasizes rational self-interest, individual rights, and the importance of the human mind. The book explores themes of capitalism, property rights, and the failures of governmental coercion, presenting a provocative vision of a society in collapse and the potential for a new capitalist society based on Galt's principles.

Zero to One

Notes on Startups, or How to Build the Future

Peter Thiel

In 'Zero to One,' Peter Thiel argues that true innovation comes from creating something entirely new, going from 'zero to one,' rather than incrementally improving existing ideas. He emphasizes the importance of vertical progress through technology and the benefits of monopoly in driving innovation. Thiel also discusses the need for long-term planning, the importance of finding the right co-founders, and the power law in startup success. The book challenges conventional wisdom and encourages readers to think critically and aim big to build the future.

IN THIS EPISODE, YOU’LL LEARN:

04:38 - Sahil's thoughts on curating content online.
10:45 - Why Sahil has gotten interested in Macro and sound money.
17:13 - What is the Cantillon Effect and why is it important?
17:13 - Sahil's thoughts on how a person can use this macro concept for investing.
30:10 - Portfolio construction in today's environment.
30:10 - His thoughts on alt-coins.
54:57 - Who Sahil follows.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Sahil's Twitter Account.
Sahil's Newsletter.
Sahil's podcast.
If you're new to the show and don't know where to begin listening, check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.

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