when the stakes are high, and you need genuine nuance, synthetic just isn't good enough.
You might also like
Most people overestimate what they can do in one year and underestimate what they can do in ten years. The long-term compounder who does nothing dramatic usually beats the person executing a brilliant short-term strategy.
Jeff Bezos — Amazon Shareholder Letter
The tolerance for failure is just so much higher. I just met so many people who just burned through tens of millions of dollars on what seemed a trash idea, and it was a trash idea! And then it was like, 'Okay, great, well now I'm going to do the other thing.' And then the next thing is also a trash idea. Great, they get to put $100 million into that other trash thing. And the third thing is amazing, and then it's a multi-billion-dollar company.
Noor Siddiqui
At the very short end [of latency], opportunities have compressed; at the very long end, premia are crowded. Naturally, capital and talent migrate towards the middle.
FT Alphaville