I find his risk quote most concerning. I don’t really even get it to be honest.
How on one hand can you bet big on upside, and on the other not be concentrated enough on what you’re doing to see what’s going on with risk? Let alone in financial markets!
Feels like an absolute bastardization of any reasonable approach to EV wrt decision making.
Maybe this was the crux of problem… yet somehow he’s turning it into his excuse.
I find his risk quote most concerning. I don’t really even get it to be honest.
How on one hand can you bet big on upside, and on the other not be concentrated enough on what you’re doing to see what’s going on with risk? Let alone in financial markets!
Feels like an absolute bastardization of any reasonable approach to EV wrt decision making.
Maybe this was the crux of problem… yet somehow he’s turning it into his excuse.