#004 - Greater fools
- Author
- Shirosh Tissera
- Published
- Mon 09 Jan 2023
- Episode Link
- None
#004 - Greater fools
In this episode, we are chatting with Economist, Lecturer, Analyst, Researcher, and Consultant Dr. Frédéric Schneider. Dr Schneider completed his PhD at the University of Zurich and has held posts at the University of Cambridge, Yale University, and the University of California at Berkeley. Furthermore, he has been cited more than 700 times. Dr. Schneider shares with us how he fell in love with behavioural psychology. In addition to sharing his experiences as a researcher and an economist, Dr Schneider shares with us some of his favourite books and why they made an impact on his life.
The interesting thing of the week
Theory of greater fool The theory of the greater fool suggests that one can sometimes make money through the purchase of overvalued assets. In this context, one "fool" might pay for an overpriced asset, hoping that he can sell it to an even "greater fool" and make a profit. The idea of a greater fool can be interpreted that, someone who believes they can do better when others have failed.
Why is this relevant now - more than 26000 people are likely to lose their jobs that worked in AWS and Salesforce alone. This is due to the economic downturn.
One avenue for these individuals will take would be to start their own business or start-up. We wanted to do our part, to support these individuals. if you are starting something new, we would love to talk to you about your startup, how it came about and why you are passionate about the idea.
Please reach out to us.
The main content of the week
Dr. Schneider, discuss his childhood and the important role teachers play in inspiring kids to be passionate about a subject.
Universities and research centres discussed
- The University of Zurich - a Center of academic excellence in Europe
- https://www.uzh.ch/en.html
- The University of Cambridge - https://www.jbs.cam.ac.uk/
- The University of California at Berkeley - https://news.berkeley.edu/
- The University of Yale - https://www.yale.edu/
Problems faced by PhD Students
- Are you doing a PhD? Watch out for these common problems. Click here to read more
- Should you go into industry or Do a Phd ? 9 questions to ask yourself when deciding if to do a PhD or go into industry? Click here to read more.
Books that made an impact
- My uncle Napolean by Iranian author Iraj Pezeshkzad
- Palace walk by Naguib Mahfouz
- Books by Elinor_Ostrom - Click here to read more
More about Dr Schneider
- Linkedin - Click here to learn more
- Twitter - https:
Do you want to contribute to the podcast?
The best way to get in touch with us is via our website. You can contact us via:
email - [email protected]
website - www.thehyvv.com
