related to this is a misunderstanding of volatility. many imagine PRICE going up and down as volatility and think "yeah whatever that sounds easy" but forget that volatility always is due to new INFORMATIONhttps://twitter.com/a_yawning_cat/status/1393072212475670531 …
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so while joining a cult makes certain behaviors much easier than they would've been without the cult, the downside is that your personal flexibility is limited by the cult. the cult really has to be *right*
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and in a risk domain similar to poker, this concept of "right" or "wrong" is stupid e.g. imagine playing poker and asking "is this decision Right or Wrong?" (even in games like chess this question doesn't make sense)
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so "diamond hands", rather than a fanatic stubbornness, should be more like the ability to play poker even when others are bluffing. it's "nerves of steel" not "blindfolded yolo"https://twitter.com/a_yawning_cat/status/1406269005145333762 …
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