{"type":"rich","version":"1.0","title":"Juraj wrote","author_name":"Juraj (npub1m2…lr8p9)","author_url":"https://yabu.me/npub1m2mvvpjugwdehtaskrcl7ksvdqnnhnjur9v6g9v266nss504q7mqvlr8p9","provider_name":"njump","provider_url":"https://yabu.me","html":"Optionality over commitment\n\nPeople often praise commitment. And it's important - to commit to something. But doing it in a way that leaves space for other things is important too, because our choice what we commit to is prone to our mistakes.\n\nMy mental model is:\n\n\"Build positions with many possible next moves, then choose when you have better information. Avoid irreversible decisions before necessary. The parallel path is itself an optionality strategy.\" \n\nThis might sound very abstract at first, but it is possible to do this. Practically, when deciding about something, ask this question: \"What if my assumptions or outcomes were completely off?\". \n\nLet's say you have chosen a place to live. Nice, peaceful, nature, kids, school, work opportunities, cost is not too high, all is good. Then ask: \"What if this turns into a complete dystopia in 5 years? What if there's a war? \". Then get a residency somewhere that is as far from the place as humanly possible, and get one foot there. Visit yearly (or every two years). Now you have optionality - you know where to eat, where to shop, where the hospital is, you know local people and you have a permit to stay and work for however long you want, without needing permission from the original country (like criminal registry record, etc.).\n\nAnd yes, this means that if you are a Bitcoin maxi, you need some gold. I still think Bitcoin will win, but what if not."}