Accountable to Darwin vs. Accountable to Newton

This podcast episode explores the difference between Darwinian principles and Newtonian principles in understanding how the economy works. It discusses the evolution of investing strategies and the importance of adapting to changing markets. The tension between reversion to the mean and the constant evolution of markets is also examined. Overall, the episode emphasizes the need to think differently about the economy, adapt to changing circumstances, and let go of outdated beliefs.