Most people overestimate the importance of f(x) relative to f'(x). Where you're going matters more than where you are. This is not just a feel-good hippy aphorism. Getting this is why traders and startup founders split the top spots in the Forbes 400.
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Not quite... f(x) is representative of position. f’(x) is speed. Most people overestimate the importance of their position relative to how fast they are moving to the next available point. Where you start matters little. How fast are you getting to the next place?
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Thank you both for taking the time to explain this! And the analogy made the concept easy to grasp. What I can't grasp is why is this concept so helpful to the best traders & startup founders.
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Being able to predict what will exponentially grow and what will stay stagnant by measuring rate of change will help you pick out big winners.
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But wouldn't it be nice if Y Combinator was a startup f''(x)?
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Clever
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That's true. I just figured by your framing the statement as "where you are" that you inherently meant position at this moment.
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Not weierstrass come onnnnnn
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Can it be a chair or a wall?
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