3min chapter

Invest Like the Best with Patrick O'Shaughnessy cover image

Vaughn Tan – Quality and Innovation - [Invest Like the Best, EP.150]

Invest Like the Best with Patrick O'Shaughnessy

CHAPTER

Is There a Cost of Uncertainty?

Uncertainty tethers it to the known in some ways. It's just very hard to set up structures where people are expensive, so some portion of your cost is being allicated to total uncertainty. If you accidentally hire someone that you really shouldn't have hired, both of them are superexpensive. But a trial period gets rid of both of them. And gives you the ability to take a flier on someone who might be wrong.

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