The students said that they only stayed on TikTok because other people were on it too, and they were afraid of missing out. FOMO is not utility; it's a bad equilibrium.
Humans fucking love scarce things. Always have. The more we win from abundance, the more we want to roll the winnings into scarce things. Scarce is special. If we are entering a period of untold abundance, expect a roaring bull market in Scarce Assets.
1mo ago
Underscored — save the words that stop you in your tracks.