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Some people, given the same price curves and risk profiles, will take advocate action sooner than others. The opinions of those who are later on that curve are
by mschy 17y ago
Some people, given the same price curves and risk profiles, will take advocate action sooner than others.
The opinions of those who are later on that curve are not more valid than the opinions of those who are sooner on it, or vice versa.
The people who advocate action sooner do not disbelieve in innovation. They just have different risk and utility functions, and these result in different advocated actions.