sharing is actually maximizing profit https://www.farmersfable.org/ a cartoon that show how sharing to reduce fluctuation leave both parties better off (on a random walk)
Homo Ergodicus https://glandfried.github.io/post/homoergodicus/
“Multiplicative process offers a concrete physical advantage in favor of cooperative behavior”
Also, Warren Buffet’s 3 rules in light of ergodicity (St. Peterburg’s Paradox explained) https://sinaas.blogspot.com/2020/02/warren-buffetts-rules-nr-12-and-3-in.html
gianna difendeva il suo salario dall’inflazione
gianna oggi gestisce il suo rischio con gli index funds
1. some says the stock market has matured, all blue chips company are pretty much well managed, so it does not really matter picking the right one, so passive investing
2. But some other noted that if you take out the value created by a 4% of high-performers the rest of the pubblic companies just thred water, so pick thos 4% and grow rich. So pick the google and facebook early. Buy a crystal ball
3. Or just get into any seed round you can, because someone says this is the best way to gt into those winners
1. would Maubouissin in this paper The Incredible Shrinking Universe of Stocks
3. is Angel List If you miss the best-performing seed investment, you will eventually be outperformed by someone who blindly invests in every credible deal.
hope it is not lost on you the humour of an investment banker, not any one, the CEO of Goldman Sachs who claims assets cannot be valued,of all assets, houses https://twitter.com/thomaskaplan/status/1196844704916287494
This argument has some merit, for example Goldman Sachs at some point valued WeWork at 47 billion, that point was right before selling it to investors in the IPO, the investors balked nd WeWork was refinanced by its current owner, Softbank at 8 Bln valuation https://techcrunch.com/2019/10/21/report-softbank-is-taking-control-of-wework-at-an-8b-valuation/
“The global market for private equity, including venture capital, has swelled fivefold in the past two decades to $4.2tn,” says the FT—they become increasingly dominated by more public-style investors who don’t have that discernment. Matt Levine in newsletter
