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How to Be Perfect (...Not)

The HeyCreator Show

CHAPTER

Is There a Difference Between the Upside and Downside?

Alexander the great had true skin in the game where his ass was on the line. In order to create large amounts of wealth, one of the most important skills you have to develop is the skill of hedging against your downsides or identifying asymmetric risks and then eliminating them. Because when society goes off the rails, it's like the biggest risk of all. It's just a lot of people looking at this and they see these people who have been successful in business now going out to do these things,. And i used to be too, until i realized that that mind set of hedges against risk is just an extension of the exact same thing that made them successful in business.

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