I was surprised to read the content of the post because the title is something I strongly agree with, but the post itself isnāt really about the philosophy of moving fast and breaking things. Instead, itās a rant about the opportunity cost of spending money on long shots.
I think conversations around risk tolerance and our tolerance for mismanaged money are very important, but I think posts like this donāt do a good job of moving these conversations forward. There are good arguments to be made on both the risk-neutral and the risk-averse sides, but the effect of one side getting screamed at is likely to just raise hackles. Because these conversations are important, they should be conducted with the patience and grace appropriate to any major problem. I donāt think this sort of post is good for the forum.
Thank you for your feedback. I agree that my anger was aimed at the wrong target and not communicated well. Iāve made changes which hopefully clarify things a little.
One thing I should have done was to distinguish long shots from what I consider to be quixotic quests. Working on wild animal welfare or insect welfare is a long shot that I wholeheartedly support. Paying millions for a superbowl commercial is a quixotic quest. Of course, thereās disagreement on what falls into one or the other, but what my criticism is primarily aimed at is things that are quixotic quests or bordering on quixotic.
I was surprised to read the content of the post because the title is something I strongly agree with, but the post itself isnāt really about the philosophy of moving fast and breaking things. Instead, itās a rant about the opportunity cost of spending money on long shots.
I think conversations around risk tolerance and our tolerance for mismanaged money are very important, but I think posts like this donāt do a good job of moving these conversations forward. There are good arguments to be made on both the risk-neutral and the risk-averse sides, but the effect of one side getting screamed at is likely to just raise hackles. Because these conversations are important, they should be conducted with the patience and grace appropriate to any major problem. I donāt think this sort of post is good for the forum.
Thank you for your feedback. I agree that my anger was aimed at the wrong target and not communicated well. Iāve made changes which hopefully clarify things a little.
One thing I should have done was to distinguish long shots from what I consider to be quixotic quests. Working on wild animal welfare or insect welfare is a long shot that I wholeheartedly support. Paying millions for a superbowl commercial is a quixotic quest. Of course, thereās disagreement on what falls into one or the other, but what my criticism is primarily aimed at is things that are quixotic quests or bordering on quixotic.