I've been enjoying reading @rabois's debate with others over past day or two on the importance of hard work.
This is complicated within a company by performance being an ensemble across all of the employees, and of their performance being correlated
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So on the one hand maybe the high-variance just gets averaged out. On the other, the tails (both of them) amplify by influencing others.
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My intuition is the most important thing is to protect against the left tail (burnout); unlike equity investments, that damage isn't capped
End of conversation
New conversation -
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