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MindsFiction's profile
Justin
Justin
Justin
@MindsFiction

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Justin

@MindsFiction

Joined September 2014

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    Justin‏ @MindsFiction Apr 4

    Munger looks for lollapalooza. Sorros seeks reflexivity. Taleb exposure to tails. Thiel power laws. All looking for similar things.

    1:53 PM - 4 Apr 2018
    • 184 Retweets
    • 770 Likes
    • 井川悠太郎 The Basketball Fans Agile PLOW 1YR12M12T1PM I am Jack's dismay Thomas Fanning Siren Hakimi Blast Alfredo Samprón
    17 replies 184 retweets 770 likes
      1. New conversation
      2. Michael‏ @mmay3r Apr 4
        Replying to @MindsFiction @naval

        Arbitrage between human tendency to see linear relationships and the nonlinear nature of reality.

        5 replies 15 retweets 159 likes
      3. Naval‏ @naval Apr 4
        Replying to @mmay3r @MindsFiction

        Arbitrage between the linear environment that we evolved in and the nonlinear environment that we’ve created.

        3 replies 24 retweets 171 likes
      4. Michael‏ @mmay3r Apr 4
        Replying to @naval @MindsFiction

        Arbitrage between the cheap linear models required for survival and the costly nonlinear ones we’ve developed.

        3 replies 2 retweets 42 likes
      5. Michael‏ @mmay3r Apr 4
        Replying to @mmay3r @naval @MindsFiction

        In Thinking Fast and Slow terminology: sell system I, buy system II.

        2 replies 9 retweets 46 likes
      6. 1 more reply
      1. New conversation
      2. Claire Lehmann‏Verified account @clairlemon Apr 4
        Replying to @MindsFiction

        What does lollapalooza mean in this context?

        2 replies 0 retweets 5 likes
      3. Narm No‏ @narmno Apr 4
        Replying to @clairlemon @MindsFiction

        Lollapalooza is a lot of heuristics (such as a scarce product that has social proof and endorsements from authority) pointing the same direction, suggesting an investment opportunity.

        2 replies 0 retweets 8 likes
      4. Justin‏ @MindsFiction Apr 4
        Replying to @narmno @clairlemon

        Exactly. Lollapalooza is when many biases feed into each other. This is why Munger and Buffett own Coke. Applies to the downside as well. After the 2008 crash Charlie bought Wellsfargo at $8 knowing it was likely peak negativity.

        0 replies 0 retweets 6 likes
      5. End of conversation
      1. ovo_cody‏ @C_Ghillie Apr 4
        Replying to @MindsFiction

        Different names, same game. All about finding convex opportunities in a linear-thinking world.

        0 replies 8 retweets 39 likes
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      1. New conversation
      2. Ahimsa‏ @Ahimsa_Satya_ Apr 4
        Replying to @MindsFiction @naval

        Thiel also looking for reflexivity under a different name: Mimetic Theory

        1 reply 1 retweet 11 likes
      3. Mimetïc Value‏ @MimeticValue Apr 4
        Replying to @Ahimsa_Satya_ @MindsFiction @naval

        You just read my mind. You might enjoy this http://mimeticarbitrage.com/Value%20Mythology.pdf …

        1 reply 2 retweets 8 likes
      4. Ahimsa‏ @Ahimsa_Satya_ Apr 5
        Replying to @MimeticValue @MindsFiction @naval

        That is cool, have you read Andre Orleans “The Empire of Value”? If not I would highly recommend it to you.

        1 reply 0 retweets 2 likes
      5. Mimetïc Value‏ @MimeticValue Apr 5
        Replying to @Ahimsa_Satya_ @MindsFiction @naval

        Thanks, I'll add that to my reading list.

        0 replies 0 retweets 2 likes
      6. End of conversation
      1. Mimetïc Value‏ @MimeticValue Apr 4
        Replying to @MindsFiction

        Check out part 1 of my presentation series regarding this. http://mimeticarbitrage.com/Value%20Mythology.pdf …

        0 replies 0 retweets 3 likes
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      1. New conversation
      2. boz‏ @bozwood Apr 4
        Replying to @MindsFiction

        These aren't similar

        1 reply 1 retweet 2 likes
      3. 1 more reply
      1. stuart‏ @soppstu Apr 4
        Replying to @MindsFiction @naval

        This is good

        0 replies 0 retweets 2 likes
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      1. Ash‏ @Crypto4Lif Apr 4
        Replying to @MindsFiction

        Reminds me of that great story originating in the ancient Indian subcontinent...pic.twitter.com/DrwOfXvZ7B

        0 replies 0 retweets 1 like
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      1. Neil Borate‏ @ActusDei Apr 4
        Replying to @MindsFiction @larissafernand

        Different names for the same deity. Profit! 😁

        0 replies 0 retweets 1 like
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      1. Sakthi‏ @hello_Sakthi Apr 6
        Replying to @MindsFiction @naval

        Incremental value add

        0 replies 0 retweets 0 likes
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