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Venkatesh Rao ☀️
@vgr
Some notes on momentum-maxxing “Not your protocols, not your momentum” Other People’s Habits (OPH) > Other People’s Money (OPM) OODA pwnage = leverage(OPH) Best case: Your protocols, compounding returns Average case: lossy random walk/squeakiest wheel pwnage Worst case: Adversarial OODA pwnage “OPH” is a concept (analogous to OPM) that’s repeatedly cropped up in my notes over the last decade, though I never wrote it up. Taking OPM or catalyzing OPH creates principal-agent moral hazard. You should act like a good VC wrt your habits. Cc: @sonyasupposedly
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