Paul Kedrosky
speaker
1,259 appearances
4 recordings
2 series
first heard Apr 2026
last heard 6d ago
Paul Kedrosky’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 1.
Appearances
That wasn't true historically.
No one in building out the railroads, rural electrification, the fiber bubble, no one was telling themselves in the time this always works out.
That was not part of the playbook.
The idea that we now tell ourselves these things is such a deep structural change in terms of the way this stuff happens that it amazes me that no one understands it.
Right.
It's thumb sucking, I always call it.
It's really kind of thumb sucking.
It gives you comfort.
Well, and we have so many examples of companies that were lauded during the run-up of prior episodes for being really understanding the way the world works and being a real pathbreaker and so on, whether it was the global financial crisis and the banks at that time and
My friend Jim Kramer's unfortunately timed comments about Bear Stearns and all that kind of stuff because people are so backwards looking and so extrapolative with respect to the way they look at things.
They just can't see the discontinuity, the obvious discontinuities ahead.
And so they extrapolate and extrapolate and then they eventually extrapolate their way right off a cliff.
And I see a lot of that in this going around.
And I don't know if you saw it, but there was a paper came out
As a good example of this, there was a paper that came out yesterday, and this goes to the heart of the token pricing problem.
And it came out, I think it was on SSRN or NBER, or yeah, National Bureau of Economic Research.
And so the paper basically was about how there's been, as you and I both know, there's been this explosion in the number of GitHub commits and repositories and commits within them.
And it's up something like 200% over the last 18 months, largely driven by harnesses and all of these coding tools.
And of course, then they looked at the other side of it.
This is this profligate use of tokens.
Showing 681–700 of 1,259 · page 35 of 63
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