When considering high-risk ventures, assess your satisfaction with the day-to-day process, regardless of the ultimate outcome.
Ask yourself if you'd repeat the experience even with a mediocre result, having built something valuable and worked with a good team.
If the work aligns with your values and involves collaborating with people you respect, the journey itself holds significance, even without the desired financial reward.
There's a substantial difference between a highly successful exit and a less lucrative one, but finding fulfillment in the process can mitigate the disappointment of not achieving maximum financial gains.
Prioritize building something meaningful with a team you enjoy, which can provide a sense of accomplishment regardless of the financial outcome.
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Episode notes
How can economic bubbles be good for the world?
Byrne Hobart is a financial analyst known for his newsletter "The Diff" which covers tech, trends and economics. Byrne has been on the periphery of crypto for longer that this podcast has existed
In this podcast we discuss the book he has co-authored, Boom: Bubbles and the End of Stagnation, where he makes the case for why human progress has stagnated and why speculative bubbles might be the only way out.