I've said this before, but it's a pet peeve so I'll say it again: the efficient-market hypothesis is only correct *probabilistically* (much like the lindy effect!) in reality: still so many info asymmetries + opportunities with capped failure costs and unbounded possible rewardshttps://twitter.com/sonyasupposedly/status/1190318272878530561 …
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Replying to @sonyasupposedly
Not a PG fan these days but I still think of this essay a lot, http://www.paulgraham.com/schlep.html
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Replying to @sonyasupposedly
Spent five minutes trying to find the gif of Kurse getting sucked into the black hole grenade.
12:19 PM - 1 Nov 2019
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