"this is going to help us lead to our second item i want to touch upon about newton right and him famously losing a large degree of his money in the sort of uh uh i i can't remember which bubble it was..."

"hi i'm jim o'shaughnessy and welcome to infinite loops sometimes we get caught up in what feel like infinite loops when trying to figure things out markets go up and down research is presented and the..."

"this episode of infinite loops jim o'shaughnessy is chairman and co-chief investment officer of o'shaughnessy asset management where jamie catherwood is an associate all opinions expressed by jim jami..."

"i'll explain that in a minute welcome kids jim o'shaughnessy with infinite loops i am super excited today to have as my guest jonathan b now jonathan you are your cv is just like um it amazes me that ..."

"um and and then you alight it on a series of uh seven lectures with my friend uh david perrell about gerardian theory welcome thanks for having me you know when uh david gave me a very similar introdu..."

"and i'm like alexa alexa it doesn't have a voice recording there you go so so i'm going to actually lead in with how you ended the first lecture which you will find uh in our show notes the link to jo..."

"and scapegoating could help us uh steer away from global violence and catastrophe but the later gerard especially in his final work uh what is called a completing clausewitz but translated as battling..."

"beijing and vancouver and i think uh i i was very ambitious growing up and extremely prideful and i think those two things are very commonly tied together pride and ambition um and so i you know i wor..."

"wanted to do what was cool and what was cool at any elite college these days is to drop out as soon as possible to sort of raise a raise around and so i turned my sort of natural curiosity which uh in..."

"believe that a primary good that humans seek for it's not tables and chairs it's not even a petitive ends like uh you know sex or or or food but it's recognition right it's it's social goods that we'r..."

"academy um i joked to my friends that i liked contemplation too much to make out of it a career i was seeing how um in in an academy when social status is so oriented around publishing and philosophy ..."

"yeah i i think we're very uh much alike in that respect in that um i i too uh i didn't take a degree in philosophy i just was fascinated by it so i just was read quite a bit uh many of the works of th..."

"um and there's actually a wonderful book by a guy by the name of howard bloom in which he talks about uh the genius of the beast and and he has a wonderful passage which is talking about we should hav..."

"and that when you look at how these things came about what you can see is a decision is being made emotionally and then afterwards post hoc uh papered over with rationality i there's a gift i use prec..."

"i want to hit but let me just uh i'm so excited i was even more excited for this conversation than i was even starting because uh this is fundamentally why i am interested in gerard and why at least t..."

"is fundamentally about whether uh uh achilles right remember because achilles mom is a goddess and he gives him the prophecy either you stay here and you fight on the on the wall of the trojans and yo..."

"and you know you know to to understand why we've overlooked spirit is a fascinating sort of topic in and of itself and there i would recommend you my professor's work uh i think it's called uh struggl..."

"very um it's an apocalyptic prediction that gerard gives now gerard draws apocalypticism his predictions for apocalypse are not mayan at all right he doesn't say as some marxists in the frankfurt scho..."

"similar um okay one more example i promise and then i'll let you speak um as you know even in investing or when you're trying to make a deal uh it's not often not really the terms that matter right li..."

"and and i love and donate i love your enthusiasm it's been it's infectious uh what i would say about the the earlier part about humans being able to be myth creators i think is absolutely dead on and ..."

"recreating and overwriting in your memory right now due mostly to emotional reasons but also that idea of self that idea that illusion of control all of these things that we find very very important t..."

"inefficient and it's inefficient for all of those reasons uh you know just to drag claude shannon in here information theory basically says that information is uh something that's novel right so he he..."

"don't know how to read that james joyce novel it's so new to them they they literally were trained on traditional writing right or traditional art that's why the french academy uh uh derisively named ..."

"end up being very very different in my case for example i realized that i could not build a model that will overcome human nature so i thought well perhaps i can arbitrage human nature by using a high..."

"years later um and the the skull basically just sat there and no one realized any like no no one touched it like no one thought anything like no one's thought like holy [ __ ] this is a half human and..."

"much more troubling version of this has to be the the story with eugenics in the 20th century now right now we consider eugenics to be a pseudoscience or even worse not a science at all but in the ear..."

"let let me stop you because i want i i know you want to get to the other two points but just to reinforce what you're saying here um uh oppenheimer who of course uh quoted the gita after developing an..."

"misleading at the best right so here we have one of the greatest minds of of all time in terms of physics and all of that and you know you could summarize their behavior uh by watching the movie mean ..."

"things like sugar being dangerous things like uh it's not the amount of fat that you eat it's this x y and z other things like psychedelic studies all of them got thrown out the door because of that l..."

"want to talk about which is how markets can't be measured like billiard balls um uh oh but the last thing i'll say here is two things actually one thing is science can also fundamentally distort what ..."

"know if i may be heretical now hopefully i won't die uh i i think the way that science has exercised in its influence and completely ignored a whole series of uh valid i wouldn't say evidence but vali..."

"but i think we're lost at this point um one of the most convincing arguments that i've heard about buddhism and why their cosmology uh may have stronger epistemic grounds than you know perhaps christi..."

"i think that's something that's imagine if you said that at a scientific conference you know i meditated for 20 years and you know i learned that in my last life that was caesar now that does seem a b..."

"truth and the reason there is because there is no metaphysical desire for philosophy it's such a lowly sort of activity these days you're not going to get that much social validation and the opposite ..."

"entertain the idea of it making underlying money right and i'm gonna pause but i'll make one more one more uh point here so so some of my friends are involved in stable coin companies right and these ..."

"elaborate that yeah yeah price to magic is essentially um where where everyone uh ascribes value to the uh asset uh if and only if magical things actually occur and magical thinking actually works yes..."

"by people who look at markets the way i do is because it really encapsulates both a new market right because back then it wasn't just the south sea it was like the inventions if you look at that at so..."

"course is that and the reason south sea is so great is because it get it brings in one particular story um all of the things that we are actually uh talking about that gerard was talking about it brin..."

"is it's not always no either right exactly exactly and that is how the united states landed on the moon because a very charismatic president said we would and all of these people who were thinking abo..."

"connects uh through europa of your poem but i think is the fundamental question that we're trying to ask now which is is this sort of memetic yearning is that transgression illegitimate or is that a s..."

"real objection i have is a question i have is is this drive really bad right because what else does this drive sound like it sounds like nietzsche's will to power right in fact i i give an argument in..."

"beginning but then yields sort of greater yields but again this is my this is also my my biggest life question now and and one of the philosophical questions i'm most interested in but but to your poi..."

"and that's what happens with religions right once it gets a certain amount of followers it becomes legitimate it becomes yes exactly and and the idea though is also strikes me as like you you're you'r..."

"in you know most of what we humans uh enjoy today came out of our minds right their their money is an abstract thing it it it only works because all of us believe that it has value and and um human ri..."

"part of your first lecture um got into the the darker aspects of of his theory and and talking about you know now we have the ability to when we strike a match we can burn the entire world right yeah ..."

"because we tend to if we're just looking at empirical results right we tend to be pretty good at judging the deficiencies or assets of other people and and we tend to really suck at judging our own ab..."

"and so one of the things that i see as actually very very much uh a good thing to be looking at is we now have in the internet a term that i steal from uh matt clifford who's been on my show and i'm a..."

"are there going to be new gerardian things to look for or do you think it's going to still be the the traditional take on his work you know um this this is a perfect uh you know people are going to th..."

"think what was really interesting about gerard's philosophy of history uh especially coming from a flaw a german german background uh this would be kant and hegel is that he would largely agrees descr..."

"um where one recognizes that one's self is impermanent and transitory but interdependent now i'm sure that i'm butchering this i'd like to hear the the fuller um voice of this uh from you yeah uh okay..."

"go out of existence right for example this is your plug i know that there are like atoms flying in and out of it right but my conception model the human conceptual model treats this as one sort of las..."

"uh emptiness into you um i i'm not very convinced but by by by this argument if if i made i i i wrote this manuscript when i was 20. so i think they're no more than the musings of a child but uh but u..."

"sort of practice yeah that's very interesting um you know this could obviously we could do our own lectures our own conversation series uh because you know we didn't even touch on half the stuff that ..."

"example are are both byproducts they are not things that you can go at directly you you you can't say my objective is happiness i am going to seek happiness the example start to interrupt the example ..."

"now so kind of the other way around yeah and and you know if i may uh introduce this in my sort of interpretation of gerard uh both in the manuscript as well as what i present in the lecture series uh..."

"ear worms and you can speak into the magic microphone two ideas or action items or whatever you want to give me that everyone in the world is going to wake up the following morning whenever morning ha..."