10-Baggers Are for Storytellers. 30 Points Are for Operators.

If they can get you to opt into their game, you’ve already lost—because their incentives and economic structure aren’t yours.

Your constraint is simple: you don’t get paid the way they do for “being right.” They can tout a thesis, monetize attention, sell products, hedge ambiguity, and still win even when the market doesn’t cooperate.

You can’t.

You’re th…