Interesting talk from Thiel in 2015 about the psychological effects of focusing on optionality.
Peter Thiel: Different Perspectives On Innovation, Risk and Investing buff.ly/34djy9Z
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amazing how when you start thinking about something, it is suddenly everywhere. New post by : artofgig.substack.com/p/training-you
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There’s a basic tradeoff here that goes back ages. If you have a resource, there’s 3 regimes: scarcity, sufficiency, and abundance, which map to leveraged usage, optimal usage, optioned usage. Where the resourcecstate is measured on a subjective marginal utility curve.
Example if you have a volatile supply of apples and no cold storage:
0-1 apple/week = leveraged use as a salad accent
2-5 apples/week = just eat’em
5-15 apples = learn recipes for pies, cider, preserves, apple sauce, wine, etc, make as needed
$ is a bit more complex than apples
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Kinda interesting when billionaires have $ that for most people would be in extreme abundance range, like a billion apples a week, but treat it like 1 apple and leverage it into space programs salad, restoring-the-monarchy salad etc.
You could classify billionaires this way
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yes, but you can engineer (or train) that subjectivity.


