Sam, Always take Asymmetric Bets, play long term games. The Upside should be high and downside limited, risk a little to win a lot, lose frequently small amounts but play those games, you will win big at the end. Look for asymmetrical Opportunities.
This is fantastic. I hadn't come across your writing before, but will be following religiously now. As a soon-to-be grad, I will be sending this to as many of my peers as I can. Thanks Erik.
The question is, should I still take asymmetric bets? I have just turned 40, and I am not afraid to fail or worried about reputational risk.
Erik, what an awesome post. Rich and enlightening. Thanks for sharing.
The # of times you bring up rapt.fm i get the feeling you'll be re-launching soon
Excellent article Erik. Reminds me of Nassim Taleb's Antifragile.
Sam, Always take Asymmetric Bets, play long term games. The Upside should be high and downside limited, risk a little to win a lot, lose frequently small amounts but play those games, you will win big at the end. Look for asymmetrical Opportunities.
This is fantastic. I hadn't come across your writing before, but will be following religiously now. As a soon-to-be grad, I will be sending this to as many of my peers as I can. Thanks Erik.