3 ms·

I don't get the impression the author has much experience scaling. The problem with modern business is it's dynamic and chaotic so a comparison to academic stu

I don't get the impression the author has much experience scaling. The problem with modern business is it's dynamic and chaotic so a comparison to academic studies isn't fair. Imagine trying to predict who's going to be relevant on YouTube in 5 years. In my eyes the problem is creators dynamically adjust their content based on their viewers and what other creators are doing. Then the recommendation algorithm introduces randomness. And finally any growth that does happen rapidly compounds. As a result it's a chaotic system and trying to predict it on any longer timeframe becomes impossible. Similar concept applies to modern tech businesses.

rjyoungling 7y ago
Thank you for your comment. I think we're fully in agreement here. Maybe I didn't do a good job but that was the point I tried to make. It's precisely because in business, degrees of freedom are high, and it's a dynamic and complex environment where butterfly effects play a significant role. This means that trying to outthink the market will likely fail and you just have to try different things and iterate based on the feedback the marketplace provides. I wrote this essay about that specifcally: https://www.younglingfeynman.com/essays/physicsenvy https://www.younglingfeynman.com/essays/physicsenvy