[GratefulCitizen]

Originally Posted by Dozer523

I am a huge fan of this author, Malcolm Gladwell. I'm currently reading his book What the Dog Saw and this is one of the chapters.

Other books include: The Tipping Point, Blink and Outliers.

http://www.gladwell.com/2002/2002_04_29_a_blowingup.htm

I'm a fan of Gladwell, too.
Skimmed the article.

There was an interesting point brought up with the idea of risk:
Risking a high probability of losing a little versus a low probability of winning much.

Another way of describing this idea:
You don't need to protect yourself against failures. You only need to protect yourself against critical failures.