Making a life choice is a bet on a future version of us

(Excerpt from Thinking In Bets by Annie Duke) In most of our decisions, we are not betting against another person. Rather, we are betting against all the future versions of ourselves that we are not choosing. …...

Life, Luck, Optionality, Path Dependence, Randomness, Success Read More

Play as many hands as possible, whatever cards you are dealt with

(Extracted from Bloomberg on Bloomberg) Don’t devise a Five-Year Plan or a Great Leap Forward. Central planning didn’t work for Stalin or Mao, and it won’t work for an entrepreneur either. Slavishly follow a...

Execution, Life, Optionality, Path Dependence Read More