If You Suspect It Could Be The Ground Floor, Just Get InMay 22, 2015 12:34 pm
There is an obvious pattern to success that most of us just think of as common knowledge – getting in on the ground floor. Most of us think it is so obvious, we just don’t do it most of the times. There are tonnes of examples – remember, Bitcoin traded at $1 in Feb 2011. Hell, we spotted it here in May 2011.
The basic idea is to increase the surface area for positive black swans. Because, like Taleb says, the necessary condition for winning the lottery is to buy a ticket. Do it. Multiple signals will hit you every other day that you suspect could be the ground floor of something huge. And these days, you could get in easily if you want to.
If you suspect it could be the ground floor of something big, just get in. Because, like Taleb says, the necessary condition for winning the lottery is to buy a ticket. Do it.