Mental Liquidity, Tech's Imitation Game, & Why Most Companies Die

Morgan Housel and Doug Boneparth discuss the brutal reality that most companies will end up in the corporate graveyard, why Elon Musk is calling for a pause in A.I. experiments, the concept of mental liquidity, and how conviction in investing can be dangerous.

We also interview Jeffrey Pfeffer, Professor of Organizational Behavior at Stanford Business School, about why he thinks the mass layoffs that have swept through the tech industry are a result of copycat behavior, and won't have the positive impact on financials that many expect.

Chapters
00:00 - Intro
00:34 - A.I. Revolution
08:10 - RIP Metaverse?
10:26 - Why Companies Die
17:38 - Mental Liquidity
24:33 - Interview with Jeffrey Pfeffer
27:20 - Emotional Toll of Layoffs
30:08 7 Rules of Power
32:57 Overcoming Imposter Syndrome
35:50 - Outro

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