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It took forever. Literally tens of thousands of dollars of opportunity cost, with a lot of risk of having nothing to show for it. The bummer is that you're rig
by sanderjd 2y ago
It took forever. Literally tens of thousands of dollars of opportunity cost, with a lot of risk of having nothing to show for it.
The bummer is that you're right, it actually is worth even this much investment, because these companies do pay extremely well. But it's still horrendously inefficient, because the companies are getting a very small improvement to their signal to noise ratio, at this great cost (which, notably, they don't bear).
- lupire 2y agoYeah that's how education works. Someone working at billion dollar VC funded outfit should understand the cause of making smart but speculative bets.
- sanderjd 2y agoYes, and they should also be able to understand when the system that creates those smart but speculative bets is creating deadweight loss, and identify that as a problem. BTW, I have personally made this bet in the past (though I didn't put 3 to 4 months into it...) and it was indeed an excellent bet to make. But benefitting from a system does not preclude identifying problems with it.