You mentioned in a recent post that people don’t seem to recognize the cost of delays. I think I’m that way too, but this example makes me feel the cost. Maybe because it’s quantitative.
Thank you so much for the book reference, Kent! I confess I'm more interested in Ergodicity as it relates to financial investments, particularly the stocks vs. bonds allocation question, but I can always count on you to present topics whose value extends beyond software!
A thought this brings up, what games do we play if we are trying to play infinitely rather than “to win” (finite game).
Further does venture capital encourage us to play finite games rather than infinite games (all businesses are generally infinite in Simon Sinek’s definition)
You mentioned in a recent post that people don’t seem to recognize the cost of delays. I think I’m that way too, but this example makes me feel the cost. Maybe because it’s quantitative.
Thank you so much for the book reference, Kent! I confess I'm more interested in Ergodicity as it relates to financial investments, particularly the stocks vs. bonds allocation question, but I can always count on you to present topics whose value extends beyond software!
Interesting! Thanks 🙂
This struck me as a rather good illustration of privilege vs disadvantage in other areas of life as well 🤔
Those who can afford risks harvest more of the available rewards.
A thought this brings up, what games do we play if we are trying to play infinitely rather than “to win” (finite game).
Further does venture capital encourage us to play finite games rather than infinite games (all businesses are generally infinite in Simon Sinek’s definition)
BTW, Taleb calls this phenomenon "risk of ruin."
Great post. One suggestion I'd make is to set up an affiliate link w/ Amazon for when you're discussing a book.
Thank you for the suggestion. I tried that and got my hand slapped for including affiliate links in email.
Oh! I didn't realize that was a thing. Thank you for the response.
I hadn’t known either. 😰