/biz/ - Business & Finance

What does he mean by this?


> Why the drop in Battery Costs is a Big Deal (Convexity)

> The problem with solar is storage (the raw energy is free, hence optionality with a known strike price). Say you spend in your house 25 kWh per 24h periods. You may be able to get all of it from solar panels (the cost of which is getting cheaper and cheapter), but would get most of it during a 5h window. Say you need to store for 19-21 hours and the cost of storage is prohibitive: $300 per KwH, for a upper bound of needs of, say 40 kWh, $12,000 (with a 2x safety margin). But the way to calculate the effectiveness in cost savings is in taking the difference from the upper bound, not raw costs. And unlike other sources there is strong optionality: solar cannot rise in variable costs (all the costs are fixed for the life of the equipment) while conventional electricity is uncertain, subject to squeezes, bottlenecks and rise in prices. Most people doing static analyses fail to get such convexity. We can expect serious, serious acceleration in use.


Can anyone explain this in a non brainlet way to me.
Yes, I know I am asking for a lot from /biz/

Reckon there are some 189 IQ option traders here.

>>10230009
> Taleb is a pop-phil meme

Don't disagree that Taleb has risen to a meme like status at this point.

> or you're just wasting time "bettering your mind."

How is it a waste of time though?
I spend a hour or two a day reading. Any better suggestions?
Maybe I should ask on /lit/, but I figure it suits the thread.

>>9923641
> Oh, so he's a wagecuck.

With a couple of b$'s

> https://www.zerohedge.com/news/2015-08-28/nassim-talebs-fund-made-1-billion-monday-how-other-hedge-funds-did

>>9910700

Never implied it was harder.
Certainly more interesting than business administration.

>>9910709

Skip boring economics and skip to behavioral economics.
Tversky/Kahneman/Taleb..(perhaps).

>>9798264

Look into behavioral finance and economics. A branch where you'll fine the most amount of money making knowledge for Crypto. Instead of analyzing markets you analyze the crowds, their greed and fear.

> Tversky, Kahneman, Cialdini, Taleb, and Popper

Provide an amazing entry to understanding the field.

> https://www.investopedia.com/university/behavioral_finance/

Go through this for more authors. I strongly suggest the INCERTO essays by Taleb.

>>9714806
>>9714849

> MFW I spend an entire summer reading Kahneman and Tversky, NN Taleb and Popper and all these terms and theories aren't new to me. Just the name is. Behavioral Finance is definitely more legit and profitable than following meme lines.

Guess I gotta wait next time for other Eurofags like me to wake up before I shill this.
I'll be back in a couple of hours anon, keep this gem up. Don't accumulate into green dildos tho. / Fair warning.