Comments by "" (@ContinuousDelivery) on "Gregor Hohpe On Reducing The Cost Of Being Wrong" video.

  1. Really? What for? 🤣🤣
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  2. I see this as less usefully seen as a 'hedge' and more as an 'option' as Gregor described. It makes it clearer, at least to me, that what we are doing is investing now to mitigate a potential downside in the future, I know a hedge does that too, but in the case of an 'option' it is clearer that the more likely the 'option' the more worthwhile the investment, the less likely, the less value in hedging the risk 😉
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  3. I think that you are right, and an option is a form of insurance. I think that there are some nuances that means that an "Option" is a slightly more accurate description, but I think that you are also right that "Insurance" is probably a more widely understood concept, and so a more useful analogy.
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