Venture capital. You've invented venture capital.https://twitter.com/sama/status/975913922891988992 …
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Replying to @0xa59a2d
It's a more general principle of decision theory than venture capital
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Replying to @QuasLacrimas @0xa59a2d
even just within business, it's also the main principle behind corporate strategy
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Replying to @QuasLacrimas
Yes, my tweet was somewhat tongue in cheek. It's a key process to understand in trading as well.
1 reply 0 retweets 1 like
Replying to @0xa59a2d
it's less important for personal trading because individual human beings can't afford to be risk neutral - which is where CAPM comes in
1:16 PM - 20 Mar 2018
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