3min chapter

The Tim Ferriss Show cover image

#107: The Scariest Navy SEAL I've Ever Met...And What He Taught Me

The Tim Ferriss Show

CHAPTER

You Only Win Big if You Bet the Farm

In business, it's easy to come to the mistaken conclusion that you only win big if you bet the farm. In my experience, in no cases have they bet theFarm. They've real they've tried to measure the maximum allowable downside. Ah, have an exit strategy for for minimizing or capping losses. It's a very high level risk o mitigation, as is the same in business and in combat. I think your honor present rights. Ye. What an military context, man, it seems like a huge risk is not making a decision which is a decision of itself.

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