Byrne Hobart writes The Diff, a newsletter about inflections in finance and technology with 24,000+ subscribers.  Watch on YouTube. Listen on Apple Podcasts, Spotify, or any other podcast platform.Episode website here. The Diff newsletter: https://diff.substack.com/Follow Byrne on Twitter. Follow me on Twitter for updates on future episodes!Thanks for reading The Lunar Society! Subscribe for free to receive new posts and support my work.Timestamps: (0:00:00) - Byrne's one big idea: stagnation (0:05:50) -Has regulation caused stagnation? (0:14:00) - FDA retribution (0:15:15) - Embryo selection (0:17:32) - Patient longtermism (0:21:02) - Are there secret societies? (0:26:53) - College, optionality, and conformity(0:34:40) - Differentiated credentiations underrated? (0:39:15) - WIll contientiousness increase in value? (0:44:26) - Why aren't rationalists more into finance? (0:48:04) - Rationalists are bad at changing the world. (0:52:20) - Why read more? (0:57:10) - Does knowledge have increasing returns? (1:01:30) - How to escape the middle career trap? (1:04:48) - Advice for young people (1:08:40) - How to learn about a subject? Get full access to Dwarkesh Podcast at www.dwarkeshpatel.com/subscribe