This is basically why private equity exists - reduces agency cost (though far from eliminates) and insources much of advisory function to again align incentives to put money where mouth is and reduce reliance on third party advice
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PE isn't exactly known for "low time preference"
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That's true! But 3 - 5 years isn't bad relative to other actors, and ownership alignment helps. Albeit still imperfect with a range of misalignments remaining (e.g. still acting through management team, occasional LP misalignment)
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you're making my point for me
3-5yr horizons won't get you to millennia of leadership -
Yes I had in mind a different context, admittedly wrong now I read the click throughs


End of conversation
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Or that even in the modern world nobody knows wtf is going to happen. Hard to take a long view when so many other actors are working to make the world unpredictable. It can be a crapshoot without being an illusion or theft.
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Asymmetries indicate the need for more learning. Spherical geometric spaces generate that overconfidence. We arrive at the spherical geometry once our sigmas are more than 1 and greater than 3. Our numbers are always Euclidean. The Euclidean encloses our thinking.
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From a technology (idea) adoption lifecycle point of view, the aggregate market populations do not grow. Speed or growth simply consumes that fixed population faster hastening the day when we've consumed that population/opportunity. Growth is illusory.
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My vote is for stolen
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orgs don't exist at the level(?) of decision making
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