# Short-run versus long-run - T&M


The evolution has a short-run and long-run principles. How does evolution become real? ... add here a discussion about [ecorithms and AI](https://knowen.org/nodes/24453?path=1-24392-24453)

## qualitative - general as well as [Leverage, Uncertainty, and Edge](https://knowen.org/nodes/22789) in Finance tree

[Goals vs Tactics with a16z's Marc Andreessen at Disrupt SF](https://www.youtube.com/watch?v=GfZ41h086N4&t=23s)

- the paradox of of [immediate evidence of achievement - video](https://www.youtube.com/watch?v=tvos4nORf_Y&t=578s) vs strategy

[How Will You Measure Your Life?](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2772/How-Will-You-Measure-Your-Life-by-Clayton-Christensen.pdf) by Clayton M. Christensen

## quantitative [Finance - TREE](https://knowen.org/nodes/616?path=1-616) and articles

[Leverage and Uncertainty](https://knowen.org/nodes/22789?path=1-616-22789)

[Kelly-Thorp betting](https://knowen.org/nodes/25098)

- [Quantitative Investing](https://knowen.org/nodes/24462?path=1-616-24462)


## you need to figure out your edge as well as when it matters

after how many trials does a short-run become a long-run (consistent profits)? [Process-oriented at short-run, results-oriented at long run. The trick is to know what is a short-run.](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2068/poker%2Bversus%2Binvesting%2B-%2Bresults%2Boriented%2Bversus%2Bprocess%2Boriented%2B-%2BAaron%2BBrown%2Bcomments.pdf)



- **pursue my line of thinking** -  [my pdf](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2069/Practical%2Bshort-run%2Bstrategies%2Bunder%2Buncertainty%2Bv2.pdf) and Word (attached)

[My talk at Quant conf 2016](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2124/Information%2BGames%2BInvestment%2BStrategies%2B-%2BGlobal%2BDerivatives%2B2017%2B-%2BTurlakov.pdf)

[Jason Zweig on the velocity of learning and Active portfolio management](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2123/Jason%2BZweig%2B-%2Bthe%2Bvelocity%2Bof%2Blearning%2Band%2Bthe%2Bfuture%2Bof%2Bactive%2Bmanagement.pdf)

questions about utility function and changing environment [Rational choice and the structure of the environment](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2128/Rational%2BChoice%2Band%2Bthe%2Bstructure%2Bof%2Bthe%2Benvironment%2B-%2BHerbert%2BSimon.pdf) by Herbert Simon

- [An **infinite game** continues with you or without you, like business or politics or life itself](https://www.stray-reflections.com/article/104/The_Infinite_Game)



# Parents

* Evolution
* Long-term thinking - T&M