Field Note #36. On "Quantum Investing"

Source: Nick Szabo, "More Short Takes," in Unenumerated (Blog), avail. online (July 2012)

Thesis: successful investing--especially, crypto investing--demands quantum thinking + decision ("collapsing the wave function") + skin in the game.

Elements:

1. Quantum thinking in the face of Knightian uncertainty (see e.g., Field Note 16)
2. Decision making (see e.g., Field Note 22 on heuristics as a means to decide in the face of complexity)
3. Risk bearing, not risk transferring (see e.g., Taleb, Skin in the Game)

"Quantum Thought" Elaborated 👇🏽