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Image not equals to fundamentals

And how you can potentially profit from this inequality

Toby Limanto's avatar
Toby Limanto
Jul 18, 2025
∙ Paid
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Hi 👋 welcome to Recompound Blog - The Investment Mindshift. We help you better your mindset on investment and economics one article at a time. More: Our Values | Advisory | Get to know us | Picks

This article is about how image is not equals to reality which I am sure everybody is aware about, and how we could potentially profit from it. It is not financial advice and should be construed for educational purposes only. Have a fun read!


Introduction - a hard fought victory?

I am climbing Mt. Batur in Bali during my 30K trail running. It is a steep 16% incline with slippery tiny gravel that is very very hard to grip. After taking two humble steps forward, I inevitably slide down one step or so. I am frustated, but this is definitely the race that I want to finish, no matter what.

Prior to the race our team posted an Instagram story stating that I would be running this race. I made our audience predict what was going to be the outcome. Much to my horror, about 25% of Recompound audience thought that I was not going to be able to finish the race. I took that personally, like any other terrible person who has ego on their physical abilities in question ;)

As I focus all my attention and effort to continue the climb, I continue to think that I have made a huge mistake. Not really a mistake on signing up for the race or asking our followers to predict my timing. But a mistake of not wearing the proper gear coming to the race. I continuously have to profess battle against tiny gravels that keep entering my shoes like bunch of unwanted guests. I am pretty sure that at one point, it induced cramps on my foot thumb.

To make things worse, other participants seemed to be way more prepared than I am. Can you imagine the average participant looked like this

And I looked like this…

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