The limits of learning vicariously
This is a very good post. I just had a conversation with my 23 year old son about crypto. I echo many of your same thoughts. I will never participate in buying these coins simply because I experienced the dot com crash, not by losing money, but buy witnessing it up close. It’s hard for me to explain what it was like to him. He may need to pay tuition to Mr. Market
As someone who witnessed the rise of home computers and the internet I have always wondered how people got their information 200 years ago without even a telephone or telegraph machine. The Rothschild's got their information by employing messengers who would go places and bring back information, which seems so strange today. Even before the 1930's Joe Kennedy made his money using the telephone and talking to people. Talking to people? Who does that now?
It has been said that the amount of information we receive today in a day is more than most people received in a year 200 years ago. Just difficult to understand what that means.