Volatility isn't the problem. Mispriced risk usually is. Every model performs well until market c...Volatility isn't the problem. Mispriced risk usually is. Every model performs well until market c...
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Volatility isn't the problem. Mispriced risk usually is. Every model performs well until market conditions change. Robustness matters more than precision.
Building can be the safest place for a founder to hide. I have caught myself doing this.
When the business side gets uncomfortable, it is easy to retreat into the product. Fix another feature. Rework a flow. Make something cleaner.
That work is real. It also happens to be controllable. The market is not. The market can tell you the positioning is wrong, nobody is seeing it, nobody cares enough yet or you actually have to sell.
Sometimes the next feature is progress.
Sometimes it is avoidance dressed up as productivity.