…event this is all a flimsy normative sentiment. Beauty standards are determined first societally, then by entrepreneurs. The profit motive is intrinsic to a world of uncertainty (see Frank H. Knight's Risk, Uncertainty and Profit). It is wholly neutral. There is nothing wrong with pursuing profits, even though a lot of people have an anti-capitalist bias and are convinced it's demonic. I mostly agree, except in the sense that…
Most of the books I read are from authors long dead (current one: Risk, Uncertainty, and Profit, by Frank H. Knight, highly recommended). They don't need the money.
…boardgames is risk and there's also the category of uncertainty which you can't manage (because you don't know the probability distribution or the fact that something is possible/could happen at all). See "Risk, Uncertainty, and Profit" by Frank Knight for a much better explanation of risk vs. uncertainty than what I can muster. I think it's noteworthy that entrepreneurship theory from economics tends to be build around the idea that…
…to systematically eliminate risk, therefore it is highly valued as a source of stability for most companies who deal with financial instruments. Knight has some thoughts on systematic risk in his book Risk, Uncertainty and Profit.
…wrote the 1980s VC post] When I think about building entirely new markets, I don't think the risk is the quantifiable risk that you're thinking of. It's what Frank Knight called "uncertainty" (Knight, "Risk, Uncertainty and Profit", http://www.econlib.org/library/Knight/knRUP.html). I prefer to call it "unknowability", but the concept is the same. The unknowability of new markets is what makes them so valuable. If it were just…
…like the Peter Drucker quote about it. “The only thing we know about the future is that it will surprise us.” — Peter Drucker and, “The future is fundamentally different from the past.” — Frank Knight, Risk, Uncertainty and Profit (1921)
……在任何情况下，这都不过是一种毫无说服力的规范性情绪。审美标准首先是由社会决定的，其次才是被企业家塑造的。盈利动机是不确定性世界中内生的一部分（参见弗兰克·H·奈特的《风险、不确定性与利润》）。它本身是完全中立的。追求利润并没有任何过错，尽管很多人带着反资本主义的偏见，认定它罪大恶极。我基本同意，除非从……的意义上来说
…event this is all a flimsy normative sentiment. Beauty standards are determined first societally, then by entrepreneurs. The profit motive is intrinsic to a world of uncertainty (see Frank H. Knight's Risk, Uncertainty and Profit). It is wholly neutral. There is nothing wrong with pursuing profits, even though a lot of people have an anti-capitalist bias and are convinced it's demonic. I mostly agree, except in the sense that…
我读的大多数书，作者都已经过世很久了（最近在读的一本：弗兰克·H·奈特的《风险、不确定性与利润》，强烈推荐）。反正他们也不需要版税了。
Most of the books I read are from authors long dead (current one: Risk, Uncertainty, and Profit, by Frank H. Knight, highly recommended). They don't need the money.
……棋盘游戏里的是风险，但还有一种分类叫做“不确定性”，这是你无法管理的（因为你既不知道概率分布，甚至不知道某件事是否可能/会不会发生）。想看对“风险”与“不确定性”之间区别的解释，去看弗兰克·奈特的《风险、不确定性与利润》吧，比我讲得清楚多了。我觉得值得注意的是，经济学中的创业理论往往是围绕着……的理念构建的
…boardgames is risk and there's also the category of uncertainty which you can't manage (because you don't know the probability distribution or the fact that something is possible/could happen at all). See "Risk, Uncertainty, and Profit" by Frank Knight for a much better explanation of risk vs. uncertainty than what I can muster. I think it's noteworthy that entrepreneurship theory from economics tends to be build around the idea that…
……去系统性地消除风险，因此对于大多数处理金融工具的公司来说，它作为稳定性的来源备受重视。奈特在他的《风险、不确定性与利润》一书中对系统性风险有一些思考。
…to systematically eliminate risk, therefore it is highly valued as a source of stability for most companies who deal with financial instruments. Knight has some thoughts on systematic risk in his book Risk, Uncertainty and Profit.
……写了关于1980年代风投那篇帖子的人] 当我思考开辟一个全新的市场时，我认为这其中的风险并不是你所想的那种可量化的风险。而是弗兰克·奈特所说的“不确定性”（见奈特的《风险、不确定性与利润》，http://www.econlib.org/library/Knight/knRUP.html）。我更喜欢称之为“不可知性”，但概念是一回事。新市场的不可知性恰恰是其价值所在。如果它仅仅是……
…wrote the 1980s VC post] When I think about building entirely new markets, I don't think the risk is the quantifiable risk that you're thinking of. It's what Frank Knight called "uncertainty" (Knight, "Risk, Uncertainty and Profit", http://www.econlib.org/library/Knight/knRUP.html). I prefer to call it "unknowability", but the concept is the same. The unknowability of new markets is what makes them so valuable. If it were just…
……喜欢彼得·德鲁克关于这个的那句名言。“关于未来，我们唯一确知的就是它定会让我们出乎意料。”——彼得·德鲁克；还有，“未来在本质上就与过去截然不同。”——弗兰克·奈特，《风险、不确定性与利润》（1921）
…like the Peter Drucker quote about it. “The only thing we know about the future is that it will surprise us.” — Peter Drucker and, “The future is fundamentally different from the past.” — Frank Knight, Risk, Uncertainty and Profit (1921)