Strategy, Capital, and Bitcoin with Mike Alfred (WiM113)
The "What is Money?" Show
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The Immediacy of Trading and Investing
i tied this back toou something i got from teleb which is that time and volatility are like the same thing, right? Volatility occurs over time inevitably. And so these stressers that come through volatility across time, if you're in an under capitalized or leverage position, this is what causes your need for immediacy,. All the sudden you have to act. If you're in a strong equity position, o not leverage, you've got a lot of optionality, a lot of cash, whatever. You're basically convex to time at that point. So we should mince no words about it, right? A the ultimate objective of obtaining positional advantage is to essentially victim
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