I guess the easiest way to do this is by simply going for the best.revisit
Next:
Related:
- 3-1c3c3 Take ideas seriously, but not too seriously. Don’t be the idea.
- 5-1b1a4 We can run multiple billion-dollar functions either sequentially or simultaneously. Or preferably both.
- 8-2d2 In digital world, you can be in multiple nations (or equivalents) at the same time
- 9-4b2c You can host multiple memes both consequentially or simultaneously during your lifetime. A gene in contrast can be hosted only once per life-cycle.
- 11-4 Diversification can achieve what multiplicity does in the digital
- QUE5 - Are they timeless and universal (if yes, things are likely to be uncorrelated)
I guess the same applies with thinkers—pick and stick with thinkers like you do with stocks (10-15 at best?), and don’t be like the ones dealing with 100-200 names simultaneously:
And it also applies to TODOs:
If you know what you’re doing, you’ll be less susceptible to the environment:
- 2-1e Everything is connected in a complex way
- 3-1a4b1.2 Define and stay within your circle of competence
But remember:
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Interest rates are common factor that drive the correlations up
- But there are other differentiating individual factors that counteract such common factor
- Ideally you look from both perspectives
- Don’t just look at the price correlations
- Aside: 2-1a8 Interest rate affects businesses, but not curiosity!
- But there are other differentiating individual factors that counteract such common factor
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How to know if things are uncorrelated
- Ask: are they timeless and universal?
1-2g2u1 Don’t take neo-Darwinism too seriously
- ”A few savvy ones did see the endgame coming: the South African newspaper publisher Naspers became an internet powerhouse by pivoting its business from news production to internet investing.”