Life is an optimization problem. And like an optimization problem, you maximize, most likely, at the extremes i.e. 0,0 or 0, infinity, or -infinity, -infinity.
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E.g. 80% dayjob 20% longshot (writing, entrepreneurship). Or the Black Swan uses investment as an example (90% treasury bonds 10% super risky stuff).
But as soon as you "make" one of those long shots you go 0/100% right? I think that Talebs investments are the exception, not the rule. Trades in life don't disappear so fast under the pressures of arbitrage. When you find a good one, pour money, time, and soul into it.
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I feel like the barbell isn't the best analogy. Success is all about making varied small downside big upside microbets. When one hits you double down and then specialize, until you find another bigger one.
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Sounds like a fractal to me :)
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Yes, good points. Also before it can be sequential (3 years office job saving up 1 year entrepreneurship) so at any given moment its 100/0.
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