Finance is often taught like math — as though it’s a series of fixed and inexorable rules. But if that were true, bank runs wouldn’t occur.
Psychology is at least as important to regular finance as balance sheets. The point of being able to transact in abstract tokens, whether dollars or Dogecoin, is to be able to engage in a relationship with a stranger with some degree of confidence. All money is about community. Money is also, to some degree, about correctly predicting the future;…
