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20 sats \ 2 replies \ @Undisciplined 8h \ parent \ on: The Cultural Consequences of Inflation econ
Some small percentage of impatient risk takers will just happen to get a bunch of lucky breaks and they'll have outperformed more patient approaches.
Low time preference strategies are the reliable and replicable ones, but they won't usually be the top performer.
BTW, there is a saying I picked up somewhere, “When a crazy person and a drunk are arguing, how do you tell which is which?” I think this applies here on SN, too. Just gotta avoid those crazy ones.
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In the economic sphere, being the absolute top performer may attract too much attention from undesirable sources; like the state. Being near the top of the heap is just fine.
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