In the autumn of 1998, a hedge fund called Long-Term Capital Management lost roughly $4.6 billion in about four months and had to be unwound by a consortium of banks assembled at the Federal Reserve's request, for fear its collapse would take the rest of Wall Street down with it. The fund's principals included two … Continue reading The Difference Between Being Tested and Being Watched
Tag: scientific method
Who Owns the No
Every judge of your work can be escaped or fooled except one. The advice was go collect your nos. Send so many asks that rejection stops costing anything, and the yeses fall out of the pile. It works, where the asks are cheap. But it smuggles an assumption past you: that a no is a … Continue reading Who Owns the No
cafebedouin.org 