In this episode, the guys discuss hubris, as Damon starts the episode off by recounting the recent folly of financial manager, BIll Hwang and his $20-billion margin call.
Following this, the guys talk about the cryptocurrency, Tether, which appears poised to potentially collapse the cryptocurrency market.
To finish off, Damon tells the tale of Ray Dalio and the conceptual birth of the chicken nugget.
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LINKS
Bill Hwang's margin call- https://fortune.com/2021/03/30/archegos-founder-amassing-enormous-hidden-fortune-when-bets-unraveled/
Tether coin and systemic risk- https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
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