38. Evolution, Complexity, and the Remaking of Economics
Mutiny Investing Podcast
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How to Optimize Versus Having Some Slack in a System
How do we prepare, not predict, for the future? We haven't talked about what kind oftat as tinkering. By having all these little experiments, you never know what you're going to discover that mit lead your next product. The long run optimal strategy is a necessarily short run optimal strategy. You always want a bit of slack in the system so your system doesn't collapse.
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