E003: People Cost, Panzerism, Asymmetric Risk, Shopify Layoffs, Flexport & More.
OPERATORS
00:00
Asymmetric Risk: How to Scale Your Business
Mike Downey: I want to explain a concept of asymmetric risk, right? You know, so often people are making bets that pay one to one. He says you really should be looking for things that payOne to 50 or one to 100. The very best investment funds actually have more investments that go to zero. That's what drives the return because of exactly what you're saying.
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