Risk Taking, Contrarianism, and Growth w/ Byrne Hobart

In this episode, Byrne Hobart joined Matjaž Leonardis in Austin for an ‪@interintellect‬ salon — a platform for 21st-century intellectual discourse—to discuss his new book Boom: Bubbles at the End of Stagnation, exploring how technological advancements, market paradoxes, and historical and modern financial bubbles — from the Manhattan Project to cryptocurrencies — reveal the complex dynamics between innovation, ideology, ambition, and hyper-financialization in a nonpolitical, high-quality conversation among leading and emerging thinkers.

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LINKS:
Byrne’s writing: https://thediff.co

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X / TWITTER:
  / byrnehobart   (Byrne)
  / turpentinemedia   (Turpentine)

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TIMESTAMPS:
(00:00) Intro
(00:32) Byrne Hobart's new book
(01:26) Ideology of stagnation vs. progress
(02:33) Paradox of financial bubbles
(06:36) Case studies: Government funded mega projects
(17:47) Role of founders in financial bubbles
(21:36) Visions of the Future and Stories of the Past
(30:32) Magic of Bubbles: Diverse motivations
(31:34) Sponsor: Netsuite
(32:48) Curiosity and ambition in tech leaders
(37:22) Impact of 'The Social Network' movie
(39:37) Role of movies in shaping careers
(43:58) Technological progress and its criticisms
(54:18) Nature of bubbles in different contexts
(01:04:30) Momentum in financial markets
(01:06:18) Reflexivity and mimetic behavior in markets
(01:07:50) Magic of contrarian investing
(01:09:39) Options trading and market volatility
(01:13:08) Role of legibility in financial bubbles
(01:13:26) Impact of accounting scandals
(01:16:39) Evolution of SaaS business models
(01:18:55) Imitation and innovation in tech companies
(01:22:05) Role of bubbles in market legibility
(01:30:39) Rise and challenges of crypto
(01:36:16) Wrap