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💯 Individuals and friends groups are way underinvested in themselves. If they were a company we’d be horrified in the lack of long term investment. And leads to higher returns on trust can’t think of a time and I have hung out where we didn’t end up discussing this
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I have long thought (and this is stealing a frequent dinner conversation topic from @kevinakwok ) that friend groups should have their own version of this, because relatively tiny amounts of capital and social support can cause step-increase changes in life trajectory.
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In companies we increasingly have backweighted LTV on any dimension. But buxton index in any kind of capital or process investment on individuals or friend groups is orders of magnitude shorter. Lots of reason for this. But irrational. And we see wider spread in it inter-group
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Heh, I think this is exactly and profoundly wrong. Individuals and groups tend to equilibriums just below those investment thresholds of value *because* they unconsciously solve for avoiding those risks.
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Individuals and informal groups are not even nonprofit-minded when it comes to intra/interpersonal capital. They are just loss averse and this is rational for most people most of the time. They have more to lose than gain from risky intra/interpersonal change. Most change fails.
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