Summary: People often chase rare big wins, but this risky approach usually leads to failure and wasted potential. Technology and culture push us toward these dangerous “jackpot” bets, widening inequality and reducing meaning for most people. Instead, focusing on steady, meaningful progress and realistic views helps create lasting value and purpose.
“My answer is always the same. build more edge rather than risk more size. Don’t kill yourself chasing the jackpot. Log wealth is what matters. Maximize the 50th percentile outcome. Make your own luck. Avoid drawdowns. Eventually you will get there.” (View Highlight)