A few years ago, I was having lunch with a friend, who had spent year in a startup that eventually failed. "But you learned a lot, no?". "No. I learned nothing." "Why?". "Because there are infinite ways to fail, and only a very small number of ways to succeed." It came to my mind because in past weeks I think I was too preoccupied with VBI-"Very Bad Ideas" (Sortino Ratio, DJIA, power utility functions, limits to arbitrage, some Ziemba finding). But there's no point in doing it. There's a near-infinite supply of bad ideas, and only a handful of good ones. I swear to stop shittin' on bad papers by finance professors. Please don't trigger me by linking to some of these papers. The Pet Peeves subgenre doesn't need another contributor. A coda: the friend was Hungarian. Hungarians are the bestest, funniest cosmic pessimists on the planet and they need to be loved, cherished and protected.