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I’ve noticed that I take much bigger “risks” on really meaningless projects, and get more interesting outcomes as a result. That’s my gut take here as well, I g

I’ve noticed that I take much bigger “risks” on really meaningless projects, and get more interesting outcomes as a result. That’s my gut take here as well, I guess he did a slightly riskier marathon strategy, but in the end nobody cares about his time other than himself, and even there, there isn’t any downside to missing it other than that he might feel slightly bad about his performance. But, I also can’t help but wonder if the world would be a better place if we did all our projects like hobby side projects, rolled the dice, and failed spectacularly where it matters. But, what to do about self driving cars?

jacobr1 2y ago
It is all about variance. Higher variance activities have both more potential upside and more potential downside. Risk management is all about figuring out how to improve average upside. In investment, that probably means placing a variety of bets. In one's personal life, nearly everyone I know has a story about how they benefited from being talked into trying something they wouldn't have otherwise presumed interest in. Be that a hobby, a blind date, a job, going to talk/meetup. Even just listening to a song/album.