You’re still a young’un. You have a good 30-40 years ahead of you. Do you really want to spend the next few decades wishing you had taken more risks when you were only 40? If not, start betting!
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.
Take micro-bets. Do a side hustle that involves you taking asymetric bets in public.
My initial comment was 2 years ago. I took asymetric bets and they paid off 🚀
Congratulations! I hope you cointinue taking more bets and I hope they continue to pay off. All the best!
You’re still a young’un. You have a good 30-40 years ahead of you. Do you really want to spend the next few decades wishing you had taken more risks when you were only 40? If not, start betting!
I don't know, if you have kids and a wife you might not want to do something too stupid...
A very late reply with update. I have kids, but a very supportive wife. That's why decided to take asymmetric bets.
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
I have to fulfill the prophecy.
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.