"The biggest wins are almost always long. 100→1 is tougher for compounding than 1→100." – Evan Goldfine
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Optimism compounds better than cynicism.
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This analysis is complicated somewhat by the large number of broke optimists and well-off (if not wealthy) cynics. Cynicism is safer.
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Broad cynicism won't get you up in the morning to risk and do something. (I'm still in the long process of shedding my own.)
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Don't get me wrong; I think most cynics are miserable compared to the optimists. But it can be hard being an optimist.
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@migueldeicaza the cynic doesn't waste their time on failures. -
or successes
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I'm a cynic. I discount a dozen bad ideas for every good one.
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conversely I watch optimists chase every shiny new thought that crosses their path.
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like everything else, no one is completely clinical or completely optimistic, life is grey
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my hot take is that Silicon Valley optimist culture is why 99% of startups burn out
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the investors who shorted the housing market made serious returns
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@migueldeicaza "He or she"Thanks. Twitter will use this to make your timeline better. UndoUndo
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@betsystreeter (Yes, I know, there are definition problems there, but I'm sick leave sticking with it lol) -
sick leave?? WTF phone. Where did that come from
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@betsystreeter That's why situational assessment is best. Optimism when the odds are in your favor, cynicism otherwise.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@betsystreeter Yeah, but if you're wrong, you lose more as an optimist. The cynic is never taken off guard.Thanks. Twitter will use this to make your timeline better. UndoUndo
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cynic can save himself from bad investment also!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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optimism means underestimating risks. For each one that wins big, there are many that lose much. Beware of survivor bias.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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