CURSE OF DEVELOPMENT: the depth of any transaction is limited by the depth of the shallower party. If the situational developmental gap between two people is su

CURSE OF DEVELOPMENT: the depth of any transaction is limited by the depth of the shallower party. If the situational developmental gap between two people is sufficiently small, the more evolved person will systematically LOSE. A trivial example: if you speak English and French, and your friend only speaks English, you will be forced to converse in English. Full quote from Gervais Principle here: https://dustingetz.com/d4337a942961484b8b408d4b1963e161 https://dustingetz.com/d4337a942961484b8b408d4b1963e161 My transition from developer to founder is marked by needing to win more (all) transactions with minimized variance. As Warren Buffet says "never lose money", you might think it's +EV to apply Kelly Criterion here and risk a bit to maximize alpha, but in soft human affairs there are too many unknown unknowns to quantify risk, you need to keep it simple and not lose transactions. IMO