Comment by throwawaymsft

8 years ago

An economist walks down the street and sees a $20 on the ground. “That can’t be real, if it were, someone would have picked it up.”

A passerby stoops down and picks it up.

I appreciate the metaphor but it still highlights the same crux of the problem. That first passerby got the $20. The next guy that follows in his footsteps gets nothing.

  • But is that a problem for the first passerby? Do you not read the book because the strategies won't work in perpetuity?

    • > High Growth Handbook is the playbook for turning a startup into a unicorn...

      No, I don't read the book because I don't like books that claim to be selling some secret sauce to success because they are often rife with survivorship bias.

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