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Be Okay with Being Wrong | An Idle Mind is the Devil's Workshop -
"My graduate advisor at Harvard said that his most successful PhD student was a guy who graduated and became a comedy writer in Hollywood. What, did you think it was gonna be the kid who graduated and took a $150k salary at Intel for the rest of his life? From Howard Marks at Oaktree Capital: You can’t take the same actions as everyone else and expect to outperform." ‎· silpol
tl;dr: high risk, high reward. but still high risk, you may end up broke. if you're big and a lot depends on you, you have trouble taking risks. well, thank you, Cap'n! :) ‎· 9000
nah, I see it more like "unless you go very different way than others, you will be rather mediocre". ‎· silpol
^ yes, this too is old hat :) "buy when everyone is selling, sell when everyone is buying." true nevertheless! ‎· 9000
@9000 simple negation or other forms of phase delay could be too primitive :) lets put it as "think out of the box" :) ‎· silpol
can't help but quote my favorite: "Don't try to think out of the box. There is no box." :) ‎· 9000
touche :) ‎· silpol