Swing For The Fences
KaaGee Money
English - June 09, 2023 04:25 - 7 minutes - 6.95 MBEntrepreneurship Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The legendary Babe Ruth hit 714 home runs and struck out 1,330 times in his career—setting single-season records for both in his time.
Why? Because players who get on base are, by definition, in the game and have a chance to score. Swinging for a home run often means that the player strikes out completely.
Because if you chase high returns, which come with high risks, there is a good chance that you could lose your capital and be completely out of the game.
The Regret Minimization Framework: How Jeff Bezos Made Decisions.
As Bezos puts it:
I knew that when I was 80 I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the Internet that I thought was going to be a really big deal. I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not ever having tried.
Swing For The Fences
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