Having more than you need can be a liability masquerading as an advantage, and no sense of “enough” can look like ambition but often leads you over the edge.
There are a few things that are so obviously true, and true for everyone, that no one argues about them. But most stuff isn’t black or white. Most of the stuff we argue about usually have many truths – several “right” answers depending on the person and situation – and we’re actually arguing over the other person not having the same goals, needs, risks, and wants as you do. It’s a mess. And the only thing worse than thinking everyone who disagrees with you is wrong is the opposite: being persuaded by the advice of those who need or want something you don’t.
There seems to be a consensus that older people aren’t tech users: they’re resistant to change and uninterested in learning new technologies.
Expecting crazy > expecting average, because the important part of “reversion to the mean” is the reversion, not the mean.
Something stupid you can stick with will probably outperform something smart that you’ll burn out on.
This is a trilobite on the left. Poor thing died out 252 million years ago. On the right is a horseshoe crab. They’re ancestral cousins of trilobites and still roam New Jersey shores:
Think of how big the world is. And how good animals are at hiding. Now think about a biologist whose job it is to determine whether a species has gone extinct.
If something is true in one field it’s probably true in others. Restricting your attention to your own field blinds you to how many important things people from other fields have figured out that are relevant to your own.
Our team at Collab Crypto spends a lot of time thinking about markets. We concur with Naval Ravikant’s statement that blockchains will replace networks with markets, so we’ve been thinking carefully about what tradable assets will look like in the future and how markets will form around them. Particularly, commoditized assets.
I’ve been visiting the Cambridge Center for Alternative Finance for the past few months, which has provided the opportunity to interact with leading thinkers and builders in the blockchain ecosystem, not only here in Cambridge but throughout Europe. One trip I was particularly excited to make was a visit to our strategic partner, Bitstamp. Not only have we built a friendship with the founding team, but they are also investors in our fund. We talk regularly about what we are seeing in the exchange market and the crypto market more generally.