We’re not afraid…

…of beta.

In fact, we want beta to be there.

And, we want it to be big.

Beta is part of wealth-generation through cost-free-ness.

Why…

…are we not afraid of beta?

When we make an underlying cost-free, there are two parameters that are of prime importance, in the game that we are playing.

First up, speed of cost-free-ness.

How much time has it take us to reach the desired stage?

Too much time?

Work at the strategy.

Short time?

Great.

With large betas, we take lesser time to reach cost-free-ness.

Cost-free-ness is a state of mind.

Also, it is a function of parameters prevailing.

As a result of internal synthesis, we know in our mind when it’s time for cost-free-ness creation.

Once cost-free-ness is created, we move on to the next play with the same objective.

Next up, we have quantum of cost-free-ness created, per capita time.

Higher the quantum, in lesser time, why, that’s optimal.

Again big beta.

Without big beta, there’s not much chance of achieving large quantum in less time.

How do we exploit big beta to attain objective?

Get in on huge margin of safety. Get principal out when exuberance prevails. Scrips being played are those of which you are convinced. Meaning, that you are mentally in sync with very long-term holds of cost-free-ness created in these scrips.

Also…

…as a general game-enhancing practice…

…get in and out with multi-day or multi-month triggers. Don’t look at the markets while they’re on. Take emotion out of play. Nil market forces out of your equation.

Here one sees, how, amongst other factors, a big beta allows one to generate long-term wealth through cost-free-ness while…

…acting on one’s own terms.