Thank you for your thoughtful response! I completely agree that there's a tradeoff between being proactive and reactive in this kind of strategy: minimizing risk by waiting can mean missing out on opportunities to gain a broader "stake".
That said, my perspective focuses more on strategic timing rather than complete passivity. It's about being engaged with understanding trends, staying informed, and preparing to act decisively when the right opportunity emerges. It's less about "waiting on the sidelines" and more about deliberate pacing, recognizing that it’s not always necessary to be at the bleeding edge to create value.
I'll definitely check out Dwarkesh Patel’s latest episode. I assume it is the Gwern one, right? Thanks!
That said, my perspective focuses more on strategic timing rather than complete passivity. It's about being engaged with understanding trends, staying informed, and preparing to act decisively when the right opportunity emerges. It's less about "waiting on the sidelines" and more about deliberate pacing, recognizing that it’s not always necessary to be at the bleeding edge to create value.
I'll definitely check out Dwarkesh Patel’s latest episode. I assume it is the Gwern one, right? Thanks!