Steven Huang - Personal Website and Blogs
A lot of people on social media assume that if they could time travel back—which means they would know the future—they would need to travel back at least weeks, or even months to make a billion dollars. This is too much of an overstatement. As a matter of fact, you could simply make a billion dollars by only knowing a day of the future in advance. The number of perfect betting parlays and stock micro-movement predictions within any given day could yield you an unimaginable amount of return. This gives us the following conclusion: Any successful knowledge of anything in the future can be worth a tremendous amount of wealth. Then the question is: How do we benefit from this conclusion? The first principle we need to notice is that the highest delta lies in the confidence level of your knowledge of the future. This is because the prediction/knowledge of the future is in a boolean state: You either yield an unimaginable return or you yield NOTHING, regardless of how little or how much is i
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