5 ms·
The article forgets about effects from 'uncertainty': black swan, div/0, singular matrix, etc, if you will It reminds me about specialization: country T for to
by hs 18y ago
The article forgets about effects from 'uncertainty': black swan, div/0, singular matrix, etc, if you will
It reminds me about specialization: country T for tobacco which outsources corn to country C. Within the next year, there's movement against cigar and there's ethanol boom
Some kind of hedging is needed: be able to do everything yourself so when outsourcing goes sour (it will, since you have less control), it won't hurt so much - you can go without it
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