Note to future self…
Another day and another wonderful quote that I came across. This one by Machiavelli:
Make mistakes of ambition and not mistakes of sloth. – Machiavelli
Here James elaborates a bit on it:
Another wonderful quote from Machiavelli’s The Prince, along the same lines, explains how we can take action:
“Develop the strength to do bold things, not the strength to suffer.” – Machiavelli
At the end of the day, the message is the same. Take big asymmetric bets where if you fail the consequence are minor or non-existent but if you win everything else you’ve done so far looks like a footnote.
Machiavelli’s quote tells us that it’s ok to make big mistakes when taking large asymmetric bets. What’s not ok is not make a bet at all.
Now back to work…