4 ms·
One thing I think a lot of people get wrong about tech is a "fear of large numbers". Our mind is trained to think linearly (ex. Path prediction when we're tryin
by probe 9y ago
One thing I think a lot of people get wrong about tech is a "fear of large numbers". Our mind is trained to think linearly (ex. Path prediction when we're trying to get somewhere), and so when things don't align to it, it's very hard to comprehend. A friend gave a great example demonstrating this - would you bet that Uber/lyft will grow revenues by 25% next quarter or a boring newspaper company will grow by 3%. Doesnt the 3% seem like such a tempting answer, even though the former bet is most likely better?
I think something similar is happening when looking at cryptocurrencies (and several tech phenomenons). This fear of large growth numbers can inhibit clearer thinking (and you see that among public equity tech investors)