ET In Brief:
You Had A Stamp Collection?
A quick note on no-coiners, people (like me) who have never owned Bitcoin, but have just watched from afar. We’re being played. Not to buy Bitcoin, but to obey the logic of the flock.
When That Fire Hits
Our brains’ responses to memes are mostly existential – fight or flight. We can’t turn off these responses. But we can train our behavior to question them.
The Sicilian Offense
I don’t know that any investor’s mean expectation for Amazon ought to have moved an inch. But should a poorly played metagame change investors’ probabilistic outlook? I think so.