Risk
Douglas Wilson summarizing Nassim Taleb’s Skin in the Game:
Taleb is arguing that risk is not only a good thing, it is a necessary good thing. It is really a good thing; and we should covet it; we should pursue it; we should embrace it; we should not resent it; we should not try to structure our lives in such a way that we are buffered from the consequences of our choices.
You want to live in such a way that when you make a wise choice, you reap the benefit; when you make a foolish choice, you want the consequences to rain down upon your head.
That is the way of wisdom.
See also: Irrevocable.
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