A hunter-gatherer spent most of his day looking for game. Prolonged low-intensity work follow by a burst of intense chasing and hunting. Whereas a farmer puts in continuous work. Ideally, you want a balance of both to accumulate resources and provide protection in case the hunt fails. That said, “We have taken the farming style too far”
Being skilled at something doesn’t necessarily mean you can develop a business around it. Thus, have multiple plans and possibilities, and pursue multiple ones simultaneously, instead of waiting for each one to fail before proceeding
When you pursue a single goal in exclusion of everything else, you become blind to opportunities. This limits your upside potential while positioning you to be harmed by any event
When dealing with uncertainty, build a portfolio of small bets and work on themConvex bets have more upside than downside. You lose small and stand to win big.