• "The art of the sale is that nothing is for sale and I'm not selling you anything." - Ryan Serhant [00:00:08]

• "Burnout is doing the same thing over and over again and not seeing results." - Ryan Serhant [00:01:26]

• "If you're willing to embarrass yourself, you make more money." - Ryan Serhant…

"We here in America think we discover and invent and improve faster than any European nation." — Abraham Lincoln [03:20]

"Cut costs, take share, gain scale; profits will take care of themselves." — Charles R. Morris [01:25]

"Gentlemen pay their debts." — J.P. Morgan…

• "Capitalism is about compound growth, and compound growth eternally is impossible. It is a mathematical impossibility on a finite planet, which means capitalism is bound to run into internal boundaries and contradictions it cannot solve." - David Harvey [00:05:04]

• "Neoliberalism was never about free markets; it was a political project designed to restore class…

"If you're a brand in a category which no one trusts, it doesn't matter what you do individually, you're kind of doomed unless you can solve the problem at a larger scale." - Rory Sutherland [00:00:32]

"A nudge was acceptable if it led to a new behavior which the person themselves didn't subsequently regret. And I notice behaviors which are almost…

"You could never explain to a French intellectual or a French politician what a fact checker was... if you had said to any of those French philosophers or politicians a theory checker will be in touch, they would have understood completely." - Adam Gopnik [00:01:34]

"Theory offered a kind of a shortcut. It said it's not important what you've read, it's…

1. Executive Briefing (TL;DR)

• Explosive US ETF Expansion: The US ETF market crossed $16 trillion in assets under management (AUM), doubling every 5 years with a ~22% annualized growth rate across more than 5,400 domestic products [02:59].
• Active Management Inflow Surge: Active ETFs now capture 30% to 40% ($300B–$400B) of total annual ETF…

• "you can't create a tesla or a spacex or the boring company or a neuralink and have them be this successful without actually having people who want to work for you who want to do great things" - Andrew Ross Sorkin [00:00:00]

• "elon musk's sort of engineering background is extraordinary and that is i think what's made spacex work" - **Andrew Ross…

"If you don't have the ability to think quantitatively to measure both the benefits and the costs of an action and which one is bigger, you can make some life choices that you'll regret later." - Terence Tao [00:02:35]

"We have the freedom to fail because failure is very cheap in mathematics." - Terence Tao…

"Show me the incentive and I will show you the outcome." - Charlie Munger 00:10:49.

"If you have an IQ of 160 well you can sell 30 points, they're not needed in investing." - Warren Buffett 00:25:50.

"Volatility is the friend of the investor who knows values and the enemy of the one who doesn't." - Warren Buffett…

1. Executive Briefing (TL;DR)

• Top Key Takeaways:
• The dot-com bubble was grounded in the fundamental truth that the internet would transform the world, but ruined by blind extrapolation that every .com business model would succeed [00:00:51].
• The internet served as both the object of speculation and its primary engine via the advent of…

• "How do we reconcile the basic physical structure of the universe with our conception of ourselves as conscious rational free agents?" - John Searle [00:01:06]

• "You've got to show how once you got protons you're going to get presidents, and once you've got electrons you're going to get elections." - John Searle…

Ep 1: Origins of the War In Ukraine

Quotes

"The Iranians are more aware than ever that they're in the driver's seat. They're more aware than ever that President Trump is in deep trouble and that he needs an agreement." - John Mearsheimer [00:00:00]

• "For most of history change moved slowly enough that one generation could pass its wisdom to the next with some confidence it would still apply... this is no longer true." - Host [00:00:15]

• "AI can generate belief, manufacture evidence, and forge intimacy at a scale no emperor, church, or party ever could." - Host…