The scaling property of randomness

So…

What do you do when you don’t have time to finish writing what you had planned and then the entire day goes by before you get back to it?

You quote Nassim Taleb of course.

This one from Fooled By Randomness:

1. Over a short time increment, one observes the variability of the portfolio, not the returns. In other words, one sees the variance, little else…

2. Our emotions are not designed to understand the point…

3. When I see an investor monitoring his portfolio with live prices on his cellular telephone or his handheld, I smile and smile.

Finally, I reckon I am not immune to such an emotional defect. But I deal with it by having no access to information, except in rare circumstances… If an event is important enough, it will find its way to my ears.

This explains part of our scale checking problem from yesterday.

Because whether no one responds to your content…

Or it happens to strike a chord right out of the gate…

You can often be sent on an emotional roller coaster, set off by a chance encounter, that takes you far away from the task at hand until you realize how far you’ve drifted…

And can cement the wrong lessons about what works and what doesn’t too early on in the process, because the time horizon is off.

The other part of the problem?

That has to do with the  of a sustainable content-based lead generation system (i.e. the lag between action and result can often be longer than one would expect, with the focused consistency necessary to actually move the needle at stake if one misinterprets the rate of progress).

So…

Does this all mean you place a thumb to the wind and just hope that one day the results show up on the other side?

Of course not.

More on this tomorrow.

Leave a Comment

Your email address will not be published. Required fields are marked *