When you take market prices as given it’s loading a lot of is-ought bridges that you haven’t had the chance to reflect on. The financial world contains more orders of magnitude than our intuitive circuitry can handle. Collapsing the value landscape to a single dimension also lets moloch in the back door.
When you take market prices as given it’s loading a lot of is-ought bridges that you haven’t had the chance to reflect on. The financial world contains more orders of magnitude than our intuitive circuitry can handle. Collapsing the value landscape to a single dimension also lets moloch in the back door.