A note from Daniel

Bubbles are not going away any time soon. In fact, there is a good argument to be made that in many ways, cyclical patterns drive development. Whether bubbles are necessary is subjective, but they certainly encourage investment. A short burst of wild speculation can be beneficial in the long run; if enough people are throwing spaghetti at a wall, some of it has to stick. A wide spectrum of ideas enables us to identify a healthy middle ground. Innovation and development can be impossible without an early dose of overconfidence.

Daniel The Great Mental Models, Volume 4, page 191 · December 31, 2024 Save to shelf
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