3 ms·
Another way of thinking about this is absolute returns vs risk-adjusted returns. Maybe as a specialist you’d have higher absolute returns, but the probability t
by tjs8rj 6y ago
Another way of thinking about this is absolute returns vs risk-adjusted returns. Maybe as a specialist you’d have higher absolute returns, but the probability that your speciality dies may mean your risk adjusted returns are higher for generalists.
- ghaff 6y agoYou didn't want to be the go-to Y2K guy in 2001. Or the world performance expert in some now obsolete computer architecture.