> HN comment section pessimism is a new metric for evaluating your odds of success.
It's not. This is survivorship bias from the infamous stories about Dropbox, Coinbase, etc. There's plenty of "Show HNs" of HNr's criticizing companies that go nowhere. Including one of my own!
What you're referring to is effectively called "non consensus and right"[0]. The problem with this concept is that it can only be verified after the idea is deemed right or wrong.
Non-consensus and right is the best framework for making investments, since you need non-consensus in order to get a cheap price. But for merely estimating the probability that something will succeed, consensus (whether positive or negative) is probably slightly predictive in that regard, as you point out w.r.t. survivor bias.
I do put a lot of stock into Paul's essay, though. If someone credible and highly intelligent has some non-consensus opinion, it's a good idea to suspend judgement and really listen to their reasoning.
It's not. This is survivorship bias from the infamous stories about Dropbox, Coinbase, etc. There's plenty of "Show HNs" of HNr's criticizing companies that go nowhere. Including one of my own!
What you're referring to is effectively called "non consensus and right"[0]. The problem with this concept is that it can only be verified after the idea is deemed right or wrong.
https://disruptionobserver.files.wordpress.com/2016/07/image...