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Don’t take it personally when someone turns you down. Assume they are like you: busy, occupied, distracted. Try again later. It’s amazing how often a second try works.
Excellent Advice for Living
Kevin Kelly
We can immediately see one reason we like using Expected Utility—it is directly telling us something about trade sizing. Expected Utility has a peak, in this case at 10%. We call this the optimal bet size because it is the bet size that maximizes Expected Utility. By contrast, expected return just keeps going up and up as the bet size gets bigger; it looks best at 100% bet size even when there's a virtual certainty of losing everything after just a few bets.
The Missing Billionaires
Victor Haghani and James White
The plan also doesn't have an objective about the product holding a market position that helps it win. Investing in this foundation is crucial even at the early stages.
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