3 ms·
I recall Reed Hoffman writing in his book to have plan a, plan b, and plan z, where plan z is your absolute fall back plan when the shit hits the fan. (Tis coul
by hkmurakami 13y ago
I recall Reed Hoffman writing in his book to have plan a, plan b, and plan z, where plan z is your absolute fall back plan when the shit hits the fan. (Tis could be hunkering down in your parents' basement while you look for a new job)
If you don't have a plan z that prevents you from being out on the streets, then you really shouldn't be taking outsized risks (though there are plenty who have defied the odds before)
- theorique 13y agoWell, the plan z really just needs to be acceptable to you. As in, if the worst can happen is that your face is eaten by wild dogs, but you're OK with your face being eaten by wild dogs, then you should be fine (absurd example for illustration only). Of course, lying to yourself about your risk tolerance is where a lot of people go wrong, in both financial investments and in life decisions.