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David Epstein: The power of being a generalist
In Good Company with Nicolai Tangen
Explore Before Exploit
The explore-exploit trade-off emphasizes the importance of first exploring new knowledge, skills, projects, and collaborators before fully exploiting existing resources. Rushing past the exploration phase to immediately exploit may hinder long-term success. Exploring involves trying diverse projects, collaborating with different groups, and prototyping various possibilities before focusing on one area for maximum value creation.
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