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Pascal’s Market
When times are good, people should be reluctant to challenge ancestral wisdom—their culture. In other words, they should be comparatively conservative. When things aren’t going well, people should be prone to endure the risks that come with change. They should be comparatively progressive—liberal, if you will.
Heather Heying • A Hunter-Gatherer's Guide to the 21st Century: Evolution and the Challenges of Modern Life
In investing, higher volatility usually equates to higher possible returns. In today’s world of online expression, we settle for lower expected value, market-level outcomes so as to not ruffle any feathers and not take any outsized risk. We’re basically hoping to allow people to know us enough so that they include us in their passive index of human... See more
Being Known is Being Loved
Neutral vs. Conservative: The Eternal Struggle
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