Estimating projects sells them short (and that’s okay)

Dec 17, 2024

🔗 Estimating projects sells them short (and that’s okay) — via ntietz.com

The upshot here is that given this sort of distribution, we capture the property of unlimited potential downside with limited upside. And this is really the case with estimates!

This point about unlimited potential downside with limited upside is going to stick with me.