The End of Magical Thinking: When Narratives Fail | Grant Williams & Pippa Malmgren

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Crypto: Blockworks
November 23, 2022

On today's episode of "On the Margin", Grant Williams & Pippa Malmgren join the show for a discussion of "the end of magical thinking".

"The end of magical thinking", a term phrased by Grant to describe the illusion cheap money allowed for in 2020/21 as markets ignored fundamental valuations and speculation became rampant. Now with inflation, and the Fed tightening at their fastest rate in 40 years to fight inflation, reality has set back in for investors and now we must take a hard look in the mirror to understand what the best ways to protect our portfolios is in this environment.
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Referenced In The Show:

Why Software Is Eating the World:

00:00 Introduction
00:53 The End of Magical Thinking
14:41 The End of Globalization
17:05 Human Nature Never Changes
26:43 Why Software Is Eating the World... Or Is It?
38:56 Circle Ad
40:16 The Fallout of The FTX Collapse
52:01 The Rules of The Game Have Changed
58:14 Navigating This New Environment
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

The views or opinions expressed in the broadcasts are solely those of the individuals involved and do not necessarily represent those of INK Research and Canadian Insider.