The Meb Faber Show · Monday, August 31, 2026
Paul Kedrosky suggests that humans struggle to comprehend large numbers and historical economic cycles, leading to a repeated pattern of not knowing what to do during bubbles. This is illustrated by a common sentiment from the dot-com crisis.
“And it turns out they don't know what to do. And this is the reality is humans are so myopic about this stuff. They don't know what to do.”
“It is really tough to for humans to to really put our hands around these giant numbers, a billion, 10 billion, 100 billion, trillion.”