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It's nice that it maximizes "growth" but it's just a curiosity. It's useful because it maximizes a utility function which might for many situations be similar t
by bluecalm 5y ago
It's nice that it maximizes "growth" but it's just a curiosity. It's useful because it maximizes a utility function which might for many situations be similar to log. There is little reason to ever try to maximize growth. It's also confusing. Utility of money is a simple concept people can understand and apply at personal or business level. Growth? Why would anyone try to maximize that?
I feel we had this conversation in the past and it feels to me you're a bit stuck in thinking about it the backwards way.