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Two bets with the same expected value can have wildly different variance. The OpenAI bet is clearly that they build AGI and become the worlds first $10T compan
by theptip 2y ago
Two bets with the same expected value can have wildly different variance.
The OpenAI bet is clearly that they build AGI and become the worlds first $10T company. At this valuation you only need to think it’s P > 0.1 for it to be a reasonable bet.
Coke is not a “swing for the fences” investment.