If you‘re working to a plan and it’s not about bringing something new into the world, by definition you’re living in the past
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The stock market is of course the main arena where this dynamic is visible in stylized form, especially around major crashes. But the general world futures arena is a lot more interesting. Like VHS vs Betamax, everybody’s favorite cliche example.
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The most interesting cases are where it’s a mix of self-fulfilling prophecy and ground truth prediction market. “Worse is better” markets. Where “worse” does not equal “wrong,” social proof picks among underconstrained possible futures. Meme markets seem to work like that.
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