Short Read: Well-Behaved Bubbles Often Make History
Byrne Hobart | 11 minutes
When prices are zooming up and people are getting rich, critiquing a bubble can turn into a kind of weaponized FOMO: the easiest way to tolerate other people getting rich is to assume that it’s because they’re getting temporarily rewarded for stupidity.
Snippets
Thiel encourages people to ask themselves: “How do I become less competitive in order that I can become more successful?”
- David Perell, Peter Thiel's Religion
I wish every startup we funded could appear in a Newsweek article describing them as the next generation of billionaires, because then none of them would be able to give up. The success rate would be 90%. I'm not kidding.
- Paul Graham, How Not to Die
SPONSORED
Staying informed about the world doesn’t have to be boring.
International Intrigue is a free global affairs briefing created by former diplomats to help the next generation of leaders better understand how geopolitics, business and technology intersect.
They deliver the most important geopolitical news and analysis in <5-minute daily briefing that you’ll actually look forward to reading.