Parrish: Strategic positioning appears suboptimal short term but wins over time
Shane Parrish · #102 Sendhil Mullainathan: The Chaos Inside Us · Feb 2, 2021 · at 1:13:51
Shane Parrish and behavioral scientist Sendhil Mullainathan discuss the strategic difference between predicting specific futures versus positioning for multiple scenarios.
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“So there's always somebody you can compare yourself to Who's doing the exact optimal thing in the moment, but since the environment and the context in which we operate is always changing, eventually positioning wins, but it never wins in the moment, but it wins over time, right? So over, over a hundred years, positioning is almost guaranteed to win. It can't do anything but win, but in the next one month or one week or even one year, It's always going to be the suboptimal solution, and you're always going to have a comparison base of people around you, be it at work, financial returns, and in a quantitative way, who are always generating more than you.”
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