What is the next big thing in Finance?

The next big thing in finance is fintech, which is to say, how finance and the world of finance grapples with and integrates all of these advances in technology that will impact how individuals save, how they invest, and how they interact with all aspects of their finances.

Now, importantly, it's not just how financial firms use these [technologies]. Keep your eye on how every firm, from Nordstrom to Intel, integrates these into their processes. Keep your ear to the ground and your eyes open on fintech, and that'll give you a good direction on the future of finance.... Is it a good idea to place savings in bitcoin to protect it from inflation? No, not a good idea. Inflation moves in basis points, or 1% or 2%, whereas bitcoin moves in much bigger swings over the course of a day or an hour. Now, the only exception is if you're in an economy with hyperinflation. Then, you might want to consider it....

Look, this is not a podcast about finance, or specifically about finance. It's a podcast more about decision-making and all the errors and wonky decisions that people make and, importantly, how to make these decisions better. In fact, finance - financial markets, asset prices - is just the aggregation of all these biases, mistakes and difficult and complex decisions.


So, the more you understand those, the deeper you're going to understand all financial markets, from bitcoin to Tesla to the value of a dollar.