A thing that keeps me up at night is that there is almost certainly, today, something which might not be shaped like penicillin but has a similar level of impact, and which is really sweating the next thousand dollars.https://twitter.com/jasoncrawford/status/1183833891209019392 …
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A corollary to this is that if one cannot dominate valuable competitive environments in single player mode, one should decrease one's estimate that one thinks better than everyone else. Examples from history: statistical process control in Japan, bond & options pricing, etc.
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SPC is massively underdeveloped today. Eg https://www.tandfonline.com/doi/full/10.1080/14783363.2015.1050181 … "Until now, there has been a lack of a sound, structured review analysing past publications and guiding future research on the implementation of SPC in the food industry context (Dora et al., 2013b; Grigg, 1998)."
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