There is ACTUAL risk and then there is the PERCEIVED risk: Perceived (P) ≠ Actual (A) Both rock climbing and startups (like everything) have different P and A

There is ACTUAL risk and then there is the PERCEIVED risk: Perceived (P) ≠ Actual (A) Both rock climbing and startups (like everything) have different P and A risk factors and there will always be a gap between P and A. I try to live a life where not only is P > A but P is as high as possible and I work every day to make A as low as possible. I guess you can call this Risk Arbitrage.