Great article, it makes a good point. It would be nice to elaborate further if both strategies have the same upside.
You assume here that succes and failure are binary categories, but what if you take a spectrum instead, where ideas that turn out the most profitable are the most difficult to figure out early on?
That could explain why most investors want to be like Peter instead of Nancy, even if Peters are more likely to fail on average.
Jimmy
npub16y…mrq7r
2023-04-20 09:56:07
in reply to nevent1q…nv7w
Author Public Key
npub16ykyd9en9s08qs7p0k7g8ywhqcctrx8jaw8hxs6e06968zkzzxpqmmrq7rSeen on
wss://wot.nostri.ai/outboxPublished at
2023-04-20 09:56:07Event JSON
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"content": "Great article, it makes a good point. It would be nice to elaborate further if both strategies have the same upside.\n\nYou assume here that succes and failure are binary categories, but what if you take a spectrum instead, where ideas that turn out the most profitable are the most difficult to figure out early on? \n\nThat could explain why most investors want to be like Peter instead of Nancy, even if Peters are more likely to fail on average. \n\n\n",
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