AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
We Study Billionaires - The Investor’s Podcast Network
BTC151: This is NOT Capitalism w/ Allen Farrington (Bitcoin Podcast)
Oct 11, 2023
52:31
Snipd AI
Wall Street veteran and economist Allen Farrington discusses flaws in mental models used for assessing value in the market. Topics include MMA as a metaphor for capitalism, flaws in the Capital Asset Pricing Model, limitations of GDP as an indicator of economic wellbeing, and the transformative nature of Bitcoin in resisting violence.
Read more
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The speaker emphasizes the need to challenge traditional investing mantras and reassess our investment approach by examining flaws in economic calculation and traditional metrics.
- The efficient market hypothesis is flawed as it fails to account for individual decision-making and the potential for outperformance. Bottom-up analysis of human behavior and values is crucial in investing.
Deep dives
The importance of rethinking investing mantras
In this podcast episode, the speaker discusses the critical need to challenge common investing mantras often taught in business schools and followed on Wall Street. By exploring the flaws in economic calculation and traditional metrics used to assess economic performance, the speaker emphasizes the importance of reevaluating our investment approach.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode