Jan 28, 2021 by Morgan Housel
I want to try to explain why Gamestop went up 100-fold in the last year and why Sears never recovered. They have to do with the same force in opposite directions. It’s a force that can explain a lot of baffling trends lately, and it’s so easy to underestimate and overlook.
First, a story about why some animals go extinct faster than people expect.
Forecasting when a species might go extinct is hard because whatever is causing a species to die off rarely progresses at the same rate. It can speed up in the blink of an eye in ways that surprise people.
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want to land and invest money we require you actually have it. but ayoccording to our next gue, bad things happened because we have too much faith in common sense subpoena joining us, yahoo! scientist duncan watts, author of everything is obvious once you know the answer. how common sense failed us. duncan, a pleasure to meet you. obviously we had this financial crisis, no capital in the system, highly leveraged system in the history of the world since the last financial crisis. how is it that common sense when it comes to these big things, this sort of faith we let our politicians use common sense fails us? the problem is when we look back in time as some sort of major event like the financial crisis, we can always sort of pick out warning signs. we can always find people after the fact who were predicting something bad was going to happen and it is going to seem obvious we should have been paying attention to them and not
share the same brain. that s right. we nobody does. no. according to our neuroscientists, we don t even have one brain. multiple brains. like a squabbling family. we can t even agree wa we mean, how can we possibly on this part of conversation, lucky to be shaved and dressed today. turns out we re really good at that. we get to do it every single day. practice. the book, everything is obvious once you know the answer. asterisks i like it. duncan, congratulations on the book. thank you for paying us a visit. coming up today, chris matthews. who s just been hot as a darn pistol, i might say, and the latest on the red hot debt debate. oh, it is hot. first, an inspirational rant from mark ames, taking hadn t haircut and don t forget to check out our exclusive podcast with ron paul up on the newly revamped dylan ratigan.com and i always love the opportunity to