Redphone
@redphone
92 Following
1695 Followers
2 replies
3 recasts
23 reactions
12 replies
34 recasts
133 reactions
1 reply
0 recast
8 reactions
1 reply
2 recasts
17 reactions
If I had to name the single most important concept driving my investment decisions, it'd be George Soros' reflexivity. That's the concept that markets act like a feedback loop between beliefs, reality and price...
Example: Company A makes sexy widgets, which ups the stock price, which allows them to issue more debt, which allows them to grow faster, which pushes up the stock, etc.
It wasn't until I encountered the phrase hyperstition that I realized reflexivity isn't limited to financial markets. As technology morphs us closer to gods, we can invent whatever we dream.
And that means reflexivity is coming for all aspects of our lives.
Normality is dead.
Ever-changing, amorphous, techno-euphoric crypto and AI culture is already changing our tomorrows. 1 reply
3 recasts
18 reactions
1 reply
7 recasts
40 reactions
1 reply
2 recasts
10 reactions
6 replies
0 recast
10 reactions
0 reply
1 recast
14 reactions
0 reply
2 recasts
8 reactions
1 reply
1 recast
15 reactions
5 replies
1 recast
23 reactions
1 reply
4 recasts
18 reactions
0 reply
2 recasts
30 reactions
0 reply
0 recast
3 reactions
1 reply
1 recast
14 reactions
1 reply
0 recast
8 reactions
1 reply
2 recasts
16 reactions
0 reply
2 recasts
4 reactions
4 replies
5 recasts
9 reactions