393: Economic Impact of Emerging Technologies

02/10/2023 35 min Episodio 393
393: Economic Impact of Emerging Technologies

Listen "393: Economic Impact of Emerging Technologies"

Episode Synopsis

Last week I talked about asymmetric investing and gave you an example of one of my own higher risk bets—Hedera with its HBAR Token. Right now, that cryptocurrency market is still sleepy. So, if you are motivated to do so, you could easily find a few tokens that are 10 percent or less of what they cost in the frothy market of two years ago and grab them. Of course, you would want to make sure those tokens had good projects behind them first. The thing is most people won't do that. In fact, most NEW crypto investors won't come into the picture again until the next frothy market at which point, they will likely go on to lose significant money in the downturn. No matter how rationale it is to buy low and sell high, the natural human tendency is to do the opposite. The same thing really goes for all assets to be honest. The truth is that at any given time, something worth buying is usually on sale. But it gets ignored because it's not the shiny object of the day. Try not to make that mistake. The hype may not be there even for real estate right now but don't ignore a good deal when you see one. Be rationale not emotional. Now getting back to cryptocurrency, the reason I invest in it is because of the asymmetric risk profile. However, I also invest in projects that I believe in. Web 3.0 is real. It's coming and cryptocurrency is the only way I know how to invest in it as a retail investor. Artificial intelligence is also real and there is no doubt that it is going to change the world as well. Unfortunately, I don't really understand how to invest in artificial intelligence. But maybe you do? The way you figure out how to invest in technology is by understanding it and that's what my guest on this week's Wealth Formula Podcast is really good at helping you do. I've done several shows on emerging technologies and I think this week's episode of Wealth Formula Podcast might be the best one yet. So, make sure to listen in! Buck