Yes, I have a pretty high risk tolerance. I have a strong desire to have as large of an impact in the world as I can. I am also quite optimistic that I will succeed in doing interesting and impressive things if I keep trying, because I think I’m in a position of having a lot of the right resources and the correct mindset for success.
I try to assess what I actually need to stay safe, and make sure I have that, and then play big beyond that. Living in a 1st world country at this point in time, I don’t think my life is in danger nearly as much as the lizard aspects of my mind like to tell me. I try to evaluate as logically as I can about risk, with the knowledge that people are much more motivated to avoid pain than pursue pleasure, and making conscious corrections for this - I aim to maximize utility as accurately as I can.
Agreed about running into unexpected failure modes repeatedly being a red flag. I like strategies with high payoff potentials, which often have high likelihood of failure in expected ways. However, there are often a lot of positive externalities to trying and failing, so the likelihood of getting positive utility is much higher than that of success of what I am specifically attempting.
For example, I have already gotten a very interesting email from someone who is considering offering me an opportunity that I am excited about as a result of this article, although it is yet to be seen if any businesses will actually be created or improved.
Yes, I have a pretty high risk tolerance. I have a strong desire to have as large of an impact in the world as I can. I am also quite optimistic that I will succeed in doing interesting and impressive things if I keep trying, because I think I’m in a position of having a lot of the right resources and the correct mindset for success.
I try to assess what I actually need to stay safe, and make sure I have that, and then play big beyond that. Living in a 1st world country at this point in time, I don’t think my life is in danger nearly as much as the lizard aspects of my mind like to tell me. I try to evaluate as logically as I can about risk, with the knowledge that people are much more motivated to avoid pain than pursue pleasure, and making conscious corrections for this - I aim to maximize utility as accurately as I can.
Agreed about running into unexpected failure modes repeatedly being a red flag. I like strategies with high payoff potentials, which often have high likelihood of failure in expected ways. However, there are often a lot of positive externalities to trying and failing, so the likelihood of getting positive utility is much higher than that of success of what I am specifically attempting.
For example, I have already gotten a very interesting email from someone who is considering offering me an opportunity that I am excited about as a result of this article, although it is yet to be seen if any businesses will actually be created or improved.