Quotes About Opportunity

Success brings an asymmetry: you now have a lot more to lose than to gain.

the easier it was to make money.

Remember that positive Black Swans have a necessary first step: you need to be exposed to them.

The more uncertainty, the more role for optionality to kick in, and the more you will outperform.

The strategy for the discoverers and entrepreneurs is to rely less on top-down planning and focus on maximum tinkering and recognizing opportunities when they present themselves.

Work hard, not in grunt work, but in chasing such opportunities and maximizing exposure to them.

Put yourself in situations where favorable consequences are much larger than unfavorable ones.

After things got bad for him, they somehow recovered by some invisible hand, and he was led to believe that it was his intrinsic property to recover from hardships by running every time into a new opportunity. He

the power of optionality as an alternative way of doing things, opportunistically, with some large edge coming from asymmetry with large benefits and benign harm. It is a way—the only way—to domesticate uncertainty, to work rationally without understanding the future, while reliance on narratives is the exact opposite: one is domesticated by uncertainty, and ironically set back. You cannot look at the future by naive projection of the past.

that classroom education does not lead to wealth as much as it comes from wealth

Missing a train is only painful if you run after it!

se você não assumir riscos, não há nada que possa fazer para tornar-se grande, nada.

exposure is more important than knowledge;

these careers face a continuous supply of these stressors that make them adjust opportunistically.

But no problem; the people you meet when riding high are also those you meet when riding low, and I saw the fellow getting some (more subtle) abuse from the same accountant before he got fired, as he eventually ran out of luck. You are free—but only as free as your last trade. As we saw with Ahiqar's wild ass, freedom is never free.

A person can get slightly ahead for entirely random reasons;

people do not realize that success consists mainly in avoiding losses, not in trying to derive profits.

one needs a decent university "name" to get ahead in life;

with huge disparities between efforts and rewards—a few can take a large share of the pie, leaving others out entirely at no fault of their own.

With respect to Black Swans, you act to protect yourself from negative ones (or expose yourself to positive ones) even though you may have no evidence that they can take place

Where is the role of optionality in this?

It is easier for the rich to get richer, for the famous to become more famous.

Waktulah satu-satunya yang kita miliki dalam jumlah yang banyak.

Most people live and die with their music still unplayed, they never dare to try. But I tell you, If music be the food of love, play on.