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Old 04-06-2007, 04:11 PM
Metric Metric is offline
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Join Date: Oct 2005
Posts: 1,178
Default Re: does ACism require \"strategic thinking?\"

I tried to define this earlier. "Strategic thinking" means valuing of long-term strategy over short-term security.

E.G. redistributing all wealth evenly in 1900 might have been great for the poor people in 1900 -- but the consequences would suck for everyone (including the poor) as of 2007. Recognition of this is a form of strategic thought.

Surely we all understand that maximizing long-term EV may involve increased short-term risk/stress.
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