5-1 When you are long truth you are long volatility and time
7-1b4b2 Andy Grove - ‘Technology happens. It’s not good, it’s not bad.‘
1-2f1b6 Volatility is good for insurgents (idiosyncratic disruptors) and bad for incumbents (legacy institutions)
5-2c2b0.1 Invest in what can’t be easily disrupted
5-2c2b0 The truer and deeper the idea is, the more likely it will survive criticism, change in society, and withstand unpredictable consequences brought about by itself
2-3c ‘Surface area’ - Manage your exposure to volatilities
But remember: 9-2a3b Don’t pick up anything which has certain downside. Avoid bullshit.
Specifically: 2-1b2b2 ‘Multiplying by zero’ - Be risk-prone but avoid ruin at all cost
LearnInPublicvolatility
7-1b4b4 It’s better to take the risk of telling others about your ideas than to hide them
7-1b4b5 Any kind of expertise is valuable, and some people will take unexpected action to capture that value such that it will be serendipitous to you