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Thanks for sharing! “Confirmation bias is the worst enemy of iteration. In a Bayesian system, it’s fatal. If you only accept the data that supports your hypothesis, you’re not updating – you’re entrenching. The people who learn fastest are the ones who are most willing to be wrong…with the humility to trade conviction for information, one update at a time.”
JeffG 's avatar JeffG
They tried to bury us... They didn't know we were seeds... https://www.nydig.com/research/stone-ridge-2025-investor-letter
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