Managing Risk with the Barbell Strategy
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Growth is impossible without stress (risk). What to do when stress and risk arise? Notes on how to manage them.
If risk can be managed, growth can be predicted and managed.
Related Concepts
The book Antifragile discusses balance, nature and artificiality, and the importance of protecting irreversible things with insurance. It also explains why the United States is preferable to Japan, and the reasons for betting on Prediction Markets. The book provides insights into how to create a reliable algorithmic stablecoin, regardless of whether it is Bitcoin or Ethereum. Additionally, it announces Stablesats and describes how this platform brings USD to the Lightning Network through Galoy. Other topics covered include futures trading, perpetual futures, derivatives, and common pitfalls for Web3 founders. There is also a focus on event derivatives, feedback on elections, and the power of prediction markets. Money On Chain, Lightning Labs, Cryptoeconomics Lab, and Dark Forest are just a few of the other subjects explored. The film "The Man Who Drew Van Gogh" is also mentioned, as well as tracing Bitcoin as a part of internet history. Other topics include Cash App's business, aiding the detection of fake accounts in social online services with SybilRank, newsletters recommended for catching up on crypto-related news, making blockchains more human-friendly, and tips for logical structure in English. These are all useful resources for learning about the field. Additionally, there is information on card cases, crowdsourcing, commons-based peer production, and the definition of crowdsourcing as "an online, distributed problem-solving and production model," as well as travel expenses for those looking to relocate to Dubai, the Deep Sleep Cocoon, and gamefi, which is based on the concept of account reselling. Finally, the Matsuzaka method is introduced, which is a method to reduce methodological uncertainty. If you wanted to become a writer, the advice "Do 90% as a civil servant and 10% as a writer" was interesting.
Should you be cautious whether the benefits "assets (time, commitment)" grow linearly?
For example, it is not true which article between the one written in 100 hours and the one written in 10 hours will sell more copies.
The benefit is not linearly proportional to the risk.
Writer
Benefits: You will be elated when you eventually become a superstar.
Risk: You don't know if you'll be able to make a living off of your writing.
Civil Servant
Benefits: It's stable, and you'll be able to make a living.
Risk: It's not exciting.
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When it comes to infidelity, even the citizens who feel like being unfaithful, 90% are honest people and only 10% are like rockstars. The book Antifragile discusses balance, nature and artificiality, and the importance of protecting irreversible things with insurance. It also explains why the United States is preferable to Japan, and the reasons for betting on Prediction Markets. The book provides insight into how to create a reliable algorithmic stablecoin, regardless of whether it is Bitcoin or Ethereum. Additionally, it announces Stablesats and describes how this platform brings USD to the Lightning Network through Galoy. Other topics covered include futures trading, perpetual futures, derivatives, and common pitfalls for Web3 founders. There is also a focus on event derivatives, feedback on elections, and the power of prediction markets. Money On Chain, Lightning Labs, Cryptoeconomics Lab, and Dark Forest are just a few of the other subjects explored. The film "The Man Who Drew Van Gogh" is also mentioned, as well as tracing Bitcoin as a part of internet history. Other topics include Cash App's business, aiding the detection of fake accounts in social online services with SybilRank, newsletters recommended for catching up on crypto-related news, making blockchains more human-friendly, and tips for logical structure in English. These are all useful resources for learning about the field. Additionally, there is information on card cases, crowdsourcing, commons-based peer production, and the definition of crowdsourcing as "an online, distributed problem-solving and production model" as well as travel expenses for those looking to relocate to Dubai, the Deep Sleep Cocoon, and gamefi, which is based on the concept of account reselling. Finally, the Matsuzaka method is introduced, which is a method to reduce methodological uncertainty. It was written in The book Antifragile discusses balance, nature and artificiality, and the importance of protecting irreversible things with insurance. It also explains why the United States is preferable to Japan, and the reasons for betting on Prediction Markets. The book provides insight into how to create a reliable algorithmic stablecoin, regardless of whether it is Bitcoin or Ethereum. Additionally, it announces Stablesats and describes how this platform brings USD to the Lightning Network through Galoy. Other topics covered include futures trading, perpetual futures, derivatives, and common pitfalls for Web3 founders. There is also a focus on event derivatives, feedback on elections, and the power of prediction markets. Money On Chain, Lightning Labs, Cryptoeconomics Lab, and Dark Forest are just a few of the other subjects explored. The film "The Man Who Drew Van Gogh" is also mentioned, as well as tracing Bitcoin as a part of internet history. Other topics include Cash App's business, aiding the detection of fake accounts in social online services with SybilRank, newsletters recommended for catching up on crypto-related news, making blockchains more human-friendly, and tips for logical structure in English. These are all useful resources for learning about the field. Additionally, there is information on card cases, crowdsourcing, commons-based peer production, and the definition of crowdsourcing as "an online, distributed problem-solving and production model" as well as travel expenses for those looking to relocate to Dubai, the Deep Sleep Cocoon, and gamefi, which is based on the concept of account reselling. and it basically said that taking a big risk like that is incredibly dangerous since everything can collapse in an instant. It talked about how the order of risks is important and discussed that "once you commit to something, you're throwing something away." In the topic of entrepreneurship, there was a bit of outrage about "doing both a startup and a big company at the same time is not showing enough resolve" and "you need to have a way out," so the answer to that was that you shouldn't cut off your escape route. Based on a risk assessment, "commitment (ie. cutting off the escape route) doesn't necessarily equate to linear outcomes" (risk and benefits are non-linear in relation to each other), so it's not possible to guarantee profits. The allocation is that large companies comprise 90%, while startups are about 10%. The biggest loss is collapse and the highest profit is unlimited (and the latter doesn't correspond). "We shouldn't draw the conclusion that cutting off our escape route is the best thing to do." Even if taking risks is 10% or 20%, it's not good to die early, so let's avoid one-shot instant death. This is what was said by Shunsuke Takagi (Previous companies, interviews and appearances related to oneself) on July 27, 2020. The conversation about risk seems to converge on the idea of distinguishing between linear and non-linear factors. It seems like running multiple strategies simultaneously on the same line is also a concept that note is doing?