Quote:
Originally Posted by GratefulCitizen
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.
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Standard business in military planning.
You chart likelihood of the event against the seriousness of the consequences.
Nuclear war is unlikely, but you have to be prepared for it given the potential consequences.
Lesser engagements may not have critical consequences, but you are likely to experience a lot more of them.
TR
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"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." - President Theodore Roosevelt, 1910
De Oppresso Liber 01/20/2025
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