Why do it? I keep thinking about the differences in how people account for value. One dichotomy that comes up is people that want to talk and think about other people, and people that want to talk and think about ideas, without reference to people. I remember once, on a trip to Italy, I was … Continue reading What’s the Profit (কি লাভ)?
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Optionality & Alpha
"When you hold an option and the world moves with you, you enjoy the benefits; when the world moves against you, you are shielded from the bad outcome since you are not obligated to do anything. Optionality is the state of enjoying possibilities without being on the hook to do anything......In contrast, the closing of … Continue reading Optionality & Alpha
