Super Deep Episode #1 - Bubbles, cults, bitcoin, intrinsic value, belief-based investing, and more

I've been thinking a lot lately about internet era investors and how they think about valuing assets largely based on belief. Nowhere is this more present than Bitcoin and Tesla. I want to dig into this general idea that intrinsic value is a function of what a community believes it's value to be, rather than some math formula we all like to imagine exists somewhere.