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I feel like somehow this is all some economic/psychological version of a heat equation. Anytime someone comes up with some signal with economic value that value
by CogitoCogito 3y ago
I feel like somehow this is all some economic/psychological version of a heat equation. Anytime someone comes up with some signal with economic value that value is exploited to spread the signal back out.
I think it’s similar to a Matt Levine quote I read which said something like Wall Street will find a way to take something riskless and monetize them so that they now become risky.