Source: Nick Szabo, "More Short Takes," in Unenumerated (Blog), avail. online (July 2012)
Thesis: successful investing--especially, crypto investing--demands quantum thinking + decision ("collapsing the wave function") + skin in the game.
- Quantum thinking in the face of Knightian uncertainty (see e.g., Field Note 16)
- Decision making (see e.g., Field Note 22 on heuristics as a means to decide in the face of complexity)
- Risk bearing, not risk transferring (see e.g., Taleb, Skin in the Game)
"Quantum Thought" Elaborated 👇🏽