Another key difference between startup idea / medican research and financial markets is that the latter is a bounded problem.
It is possible to know every relevant supply and demand-factor regarding a currently priced asset. However, the possible startup ideas now or in the future is probably infinite, or at least many orders of magnitude larger than the space of possible information to know about the pricing of a current asset.
And so, we should and likely do have much less modesty concerning medical research and startup ideas, than we have concerning asset prices.
Another key difference between startup idea / medican research and financial markets is that the latter is a bounded problem.
It is possible to know every relevant supply and demand-factor regarding a currently priced asset. However, the possible startup ideas now or in the future is probably infinite, or at least many orders of magnitude larger than the space of possible information to know about the pricing of a current asset.
And so, we should and likely do have much less modesty concerning medical research and startup ideas, than we have concerning asset prices.