A concept I learned at 28 I wish I learned at 18.
Asymmetric Opportunity:
Asymmetric Opportunity:
There are two types of Asymmetric Opportunities:
β’ Asymmetric upside is when the upside is much > than the downside.
β’ Asymmetric downside is when the downside is much > than the upside.
The goal is to do more things with "Big Reward" and "Small Risk"
Here are some examples:
β’ Asymmetric upside is when the upside is much > than the downside.
β’ Asymmetric downside is when the downside is much > than the upside.
The goal is to do more things with "Big Reward" and "Small Risk"
Here are some examples:
1. Going on first dates
Asking someone out on a date has a huge asymmetric upside.
You might hit it off and end up in a relationship.
If not you'd just be a little embarrassed and maybe awkward with the person afterward.
Or you end up getting married.
Asking someone out on a date has a huge asymmetric upside.
You might hit it off and end up in a relationship.
If not you'd just be a little embarrassed and maybe awkward with the person afterward.
Or you end up getting married.
2. Investing in startups
Investing in a startup can lead to massive returns.
Many think you need millions to invest, but the truth is, you can start with a $1000 check.
To get started with angel investing, check out @hustelfundVC's program: angel squad
hustlefund.vc
Investing in a startup can lead to massive returns.
Many think you need millions to invest, but the truth is, you can start with a $1000 check.
To get started with angel investing, check out @hustelfundVC's program: angel squad
hustlefund.vc
3. Start a company
Similar to investing, your company's growth will lead to your growth.
You can learn how to start a company, with help from the world's top startup accelerator @ycombinator via YC Startup School
startupschool.org
Similar to investing, your company's growth will lead to your growth.
You can learn how to start a company, with help from the world's top startup accelerator @ycombinator via YC Startup School
startupschool.org
4. Create a book, podcast, or video
Media is the original software business.
You create something once.
And you can easily duplicate it millions of times with no additional cost
Ask yourself:
"What works for you when you're done working?"
Media is the original software business.
You create something once.
And you can easily duplicate it millions of times with no additional cost
Ask yourself:
"What works for you when you're done working?"
6. Go to a cocktail party
Yes, it's cringe, but "your network is your net worth."
And you never know if that person you met at a coffee shop or cocktail party can end up making a critical intro 5 years down the line
Yes, it's cringe, but "your network is your net worth."
And you never know if that person you met at a coffee shop or cocktail party can end up making a critical intro 5 years down the line
7. Move to a big city
Great cities attract ambitious people.
You can sense it when you walk around one.
In a hundred subtle ways, the city sends you a message: you could do more; you should try harder.
paulgraham.com
Great cities attract ambitious people.
You can sense it when you walk around one.
In a hundred subtle ways, the city sends you a message: you could do more; you should try harder.
paulgraham.com
8. Tweet
Send the text message.
Hit send on the email.
Tweet the Tweet.
Closed. Mouths. Don't. Get. Fed.
Send the text message.
Hit send on the email.
Tweet the Tweet.
Closed. Mouths. Don't. Get. Fed.
9. Building in Public
The odds of getting struck by lightning are low
But if you run around with a 20ft metal pole the odds go WAY up
Building in public ~ running around with a 20ft metal pole
It expands your surface area for "getting lucky"
β‘οΈβ‘οΈβ‘οΈ
The odds of getting struck by lightning are low
But if you run around with a 20ft metal pole the odds go WAY up
Building in public ~ running around with a 20ft metal pole
It expands your surface area for "getting lucky"
β‘οΈβ‘οΈβ‘οΈ
What are other examples of asymmetric opportunities that I'm missing?
Comment down below.
And remember:
shoot. your. shot. life is too short not to do so.
Comment down below.
And remember:
shoot. your. shot. life is too short not to do so.
I hope you've found this thread helpful and learned a new example of asymmetric upside.
Follow me @arjunmahadevan for more; I'll be adding more examples to this thread.
And Like/Retweet the first tweet below if you can, to share this concept with a friend
Follow me @arjunmahadevan for more; I'll be adding more examples to this thread.
And Like/Retweet the first tweet below if you can, to share this concept with a friend
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