Society without externalized incentives is the ideal society?develop
I.e., no skin in the game (4-1a4b3e Meaningful narratives ＞ Meaningless speculation)
- Simple capitalism = Simple scarcity
- Legacy companies ‘pre-mine’ their shares. Otherwise effort won’t result in results because the dollar sensitivity is way lower than your equity.develop
Related:
- 4-1e1 Loss aversion - e.g., the prospect of competitor buying you, and having have to acquire you later at higher cost, are the two biggest concerns which motivate potential acquirers
- 9-2a3b0.1 ロスは速攻切る。勝ちポジションは徐々に積み上げていく。損益に対して生じる非対称な行動心理を予め計算に入れておくこと。
私的財産develop