Go all in or spread out wide? \ stacker news ~ideasfromtheedge

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787 sats \ 19 comments \ @cryotosensei 9 Oct ideasfromtheedge

The fiat economy stipulates that we be T-shaped professionals - having working knowledge in a wide range of disciplines while having the ability to go deep in one specialisation.

But perhaps Bitcoiners prefer to go all in on something.

Do you have a forte/niche? Are you consciously trying to get better at it? Pushing your boundaries to access that exclusive level of creativity that comes so effortlessly to masters of their craft. Applying deliberate practice to up your game?

Or are you a believer of Dilettantism and prefer to dabble with many professional deliverables and passion projects? That these different pursuits overlap with one another to create delightful sparks.

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87 sats \ 7 replies \ @SimpleStacker 9 Oct

Or are you a believer of Dilettantism and prefer to dabble with many professional deliverables and passion projects? That these different pursuits overlap with one another to create delightful sparks.

I tend to dabble too much than is probably advisable (from a strictly career optimization perspective), but that's simply because I'm super curious and never bored. I get distracted by shiny new technologies, sometimes it turns out to not even be worth it.

But you know, we all gotta lead the life we wanna live, and I'd rather have a slightly worse career if that means I get to spend time chasing my curiosities

20 sats \ 3 replies \ @south_korea_ln 9 Oct

I hope the little daily puzzles are not distracting you too much from your career obligations ;)

0 sats \ 2 replies \ @SimpleStacker 9 Oct

Same to you :) I imagine it takes quite a bit of time to curate and find the puzzles, and then writing them up as well.

44 sats \ 1 reply \ @south_korea_ln 9 Oct

Yeah, I've moved this activity to my night time just before hitting the sack after i realised it had taken me an hour of normal working hours. Whatever normal working hours means in academia. I'm also contemplating moving SN to my blocked website list when I'm in the office ;)

15 sats \ 0 replies \ @cryotosensei OP 9 Oct

I’m glad you’re doing this in spite of the time it takes up. I don’t understand the solutions but it’s fascinating to watch brilliant minds at work

13 sats \ 2 replies \ @cryotosensei OP 9 Oct

Have you had moments where where your eclectic interests just align out of nowhere to create something beautiful for you?

21 sats \ 1 reply \ @SimpleStacker 10 Oct

Yes, Bitcoin! Perfectly aligns with my intersecting interests of economics, computer science, math, physics, and even libertarian philosophy

0 sats \ 0 replies \ @Bell_curve 10 Oct

Me too

100 sats \ 4 replies \ @Undisciplined 9 Oct

I'm a devotee of the 80-20 principle. I pursue what interests me, but not generally to the level of mastery. I'd rather be 80% proficient at five things than fully mastering one.

30 sats \ 0 replies \ @cryotosensei OP 9 Oct

I’m with you on this one. And recently I have been binge-watching the Culinary Class Wars and gaping in admiration at the talented chefs who lend their signature touch to the wildly creative dishes they make. They make me feel wanna invest more of myself into my work. I mean, I’m not quiet quitting, but I’m not actively seeking ways to stretch myself either haha

28 sats \ 2 replies \ @Rothbardian_fanatic 10 Oct

In economics this is called the Pareto rule. 80% of the work accomplished comes from 20% of the workers. The secret is to then whittle down the other 80% as the deadwood they are. Musk used this idea at X.com when he took over. He first looked for volunteers to leave then fired whomever he thought was not in the 20%. If you have ever been a salesman, you may have experienced this when they fire the bottom 20% of the salesforce every year. This sounds harsh but it helps everyone find the niche in which they fit best.

10 sats \ 1 reply \ @Undisciplined 10 Oct

A point Doug Casey likes to make is that you can iterate on the Pareto Rule: i.e. you can get 80% of that 80% with 20% of that 20%.

In other words, you can accomplish 64% as much with only 4% of the effort.

31 sats \ 0 replies \ @Rothbardian_fanatic 10 Oct

Yes, Casey often makes that point in regards to stock choices. You can also say that it applies a lot to commodity markets in respect to when to hold ‘em and when to fold ‘em.

48 sats \ 1 reply \ @grayruby 9 Oct

What’s interesting is my investing approach is very concentrated. When I had my business almost all my wealth was tied to the business. Now most of my non home equity wealth is in bitcoin.

But in terms of skills. I prefer to go wide than deep. I like to be good at a number of things rather than an expert at one. Although I think the market rewards deep knowledge more now.

60 sats \ 0 replies \ @cryotosensei OP 9 Oct

Thanks for sharing how your investing behaviour differs from your skills acquisition behaviour. Humans are creatures of habit, but we are also adaptable to fine-tune our behaviours

48 sats \ 1 reply \ @rebel_nomad 9 Oct

I'm all in on freedom!!

Which means I'm pretty heavily into almost everything else too, there is no end to the tools, strategies and skills that is necessary in that fight ;-)

0 sats \ 0 replies \ @cryotosensei OP 9 Oct

That explains your nym xP

24 sats \ 1 reply \ @Satosora 9 Oct

Since l have a 401k at work, l am thinking of doing the bitcoin etfs. I know l wont be holding my own keys, that that is the only way l can access them through my 401k. Anyone else know different?

0 sats \ 0 replies \ @cryotosensei OP 9 Oct

If I’m not mistaken, Swan buys Bitcoin for its clients through its 401k options