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The Importance of Humility in Forecasting and Decision Making
In finance, many people are often wrong, but it's the humble ones who admit their mistakes and analyze what went wrong that are worth following. Making mistakes is natural, but it's important to approach decisions with critical thinking and logic. It's about learning from mistakes and being humble enough to do so.
Anil Patel talks about his new book, The Bitcoin Handbook. There are many different fields of study Bitcoin touches that it can be difficult for people to grasp all the complexity in harmonizing concepts that are happening on this protocol. In this interview, Anil went on an intellectual journey simplifying and stitching it all together.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:15 - What was Anil trying to accomplish with the book?
06:59 - Of all the mental models and paradoxes mentioned in the book, what does Anil find the most profound?
12:22 - What is Jevon's Paradox?
23:39 - Network Effects.
29:52 - Reflexivity and how it applies to Bitcoin.
32:56 - Why are the laws of Thermodynamics important?
38:25 - Gall's Law.
43:44 - What is the intransigent minority and why is it important
53:31 - What is something the Bitcoin community could do better?
57:50 - Anil's favorite books.
01:00:09 - Why is it hard to be a Bitcoiner?
BOOKS AND RESOURCES
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