Chapter
Credibility of Financial "Boy Who Cried Wolf"
47:57 - 52:21 (04:24)
The speaker argues that the financial industry loses credibility when claiming that a certain number will cause everything to break, but it never does, using the example of the risk-free rate numbers. There is a phenomenon called crowding out where when interest goes up, money flows into the risk-free rate.
Clips
In this podcast, we hear an accountant question calculations of the level at which US equities will become unaffordable due to interest rate hikes.
47:57 - 49:56 (01:59)
Summary
In this podcast, we hear an accountant question calculations of the level at which US equities will become unaffordable due to interest rate hikes. Their disagreement highlights the limitations of financial numeracy and raises the question of where the boundary lies between reasonable projections and dogmatic assertions.
ChapterCredibility of Financial "Boy Who Cried Wolf"
EpisodeE105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Jason Calacanis discusses the need for incentivizing extreme risk taking for new business ideas that can move the world forward, while also stressing the importance of effective investments with fewer participants and better use of funding.
49:56 - 52:21 (02:25)
Summary
Jason Calacanis discusses the need for incentivizing extreme risk taking for new business ideas that can move the world forward, while also stressing the importance of effective investments with fewer participants and better use of funding.