added by Keely Adler · updated 2y ago
Betting on Unknown Unknowns
- These being tail risks, there are countless definitionally unimaginable things that might happen. Perhaps the next global crisis won’t be such a boon for innovation. Unknown unknowns abound.
from Compounding Crazy by notboring.co
Alex Wittenberg added
- By definition, you will likely succeed a vanishingly-small percentage of the time, but—as the saying goes—that’s a feature, not a bug. The point is to venture—fistfuls of money in hand—at the furthest extremes of capitalism, hoping to stumble upon that rare, proper intersection of technology and commerciality.By design, most investments will miss t... See more
from This Time is Different by Tom White
Tom White and added
But in a complex world, it’s impossible to know what might be useful in the future. It’s important, therefore, to spread our cognitive bets. Curious people take risks,
from Curious: The Desire to Know and Why Your Future Depends On It by Ian Leslie