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So if I get it, the God foresight would enable you to own the planet, at a CAGR of 49% but the regular losses would scare the living crap out of you.

Aan interesting exercise in learning various financial libraries this seems - and I would love to see what the end of year amounts would be for 100 dollars invested in 1927.

I guess it’s just human nature - “yes God, you may have been right about every 5 year period for the past century, but this time it’s dofferent”

The Anti-VC statement




It is also interestingly about loss aversion - a truly rational person would always take the cagr of 49% and damn the losses




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