Why You Shouldn’t Be Scared of AI
6/1/202658 min
Aman Verjee has had one of the more unusual careers in finance. He started on Wall Street at Lehman Brothers, joined PayPal in its earliest days and worked alongside Peter Thiel and Elon Musk, and eventually became a venture capitalist in Silicon Valley. Along the way he developed an obsession with the history of finance, which led to his upcoming book, A Brief History of Financial Bubbles. He joined Coleman to talk about what the biggest bubbles of the last 500 years have in common, what they reveal about the societies that produced them, and what actually caused the 2008 crisis. Then they look at the questions that everyone is asking: Is AI a bubble, and how will it end? Learn more about your ad choices. Visit megaphone.fm/adchoices
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Coleman Hughes· Host0:29
Okay, Aman Virji, thanks so much for coming on my show.
Aman Verjee· Guest0:32
Thank you for inviting me. Happy to, happy to be here.
Coleman Hughes· Host0:34
So we're here to talk about your new book on the history and as well as analysis of bubbles.
Aman Verjee· Guest0:41
That's right.
Coleman Hughes· Host0:42
Right.
Aman Verjee· Guest0:42
Yeah.
Coleman Hughes· Host0:42
And it's a great time to be doing it because everyone is wondering whether AI is a bubble- Of course ... whether crypto is a bubble, and if so, h- you know, when these bubbles pop, what will the impact be on society? If and when, right? So let's table that for now 'cause I know you have a lot to say about those subjects and a lot of analysis to bring based on the history of bubbles and what patterns you've noticed in, in the historical data, which is a really useful perspective to bring on it rather than just shooting from the hip- Yeah ... which I think is what a lot of people are doing. But before we get off to that, uh, get to all that, just tell my listeners a bit about who you are, what your career trajectory has been, and how it's led you to this interest in financial bubbles.
Aman Verjee· Guest1:23
Yeah, sure. Happy to do that. So let me start here. If you'd asked me when I was like 15, 16, "What do you wanna be when you grow up?"