Struck me that we don’t sufficiently distinguish between 2 kinds of risks: 1. Risk of failure 2. Risk of victory that is only revealed to be pyrrhic in hindsight when true costs are revealed Most of the risk for reasonably talented and competent people is type 2.
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Other major undertakings of this type: changing cities or countries, writing a book (don't I know it) or making a film... There comes a moment, or can, when you know the victory is likely to be pyrrhic but you're so invested that coming away with nothing at all is inconceivable.
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The mental hedge for living with pyrrhic price-prize delta experience is convincing yourself that key lessons were learnt during the journey that give you wisdom dividends.
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You can either be content with post pyrrhic wisdom dividends and use it for increasing social capital (mentor) or validate wisdom in the marketplace (VC). There's a third post pyrrhic outcome that's playing out with JeffSkilling /LizHolmes. https://www.wsj.com/articles/ex-enron-ceo-skilling-plots-second-act-11553282732 …
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home and boat ownership seem dubious IMO then again, have never experienced either so what do i know :)
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Me neither but going by second hand reports
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Owning a house is a big one, the fucking chores never end! Also owning a rental property or building a good retirement plan
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