Bet

Guys like to gamble. I generalize, but we do.

And the most common ways are to bet on yourself, bet on future outcomes, and bet on things to go up (or down).

Unfortunately, social class only changes the type of wagering people do.

From the scratch-offs at your local gas station to hedge fund long and shorts, everyone seems to have something they stake money on for the chance of multiplying their input.

The best kind of wager is something called an asymmetric bet.

It's usually because you hold an edge in knowledge. And take a relatively small risk for an often exponential potential output.

But rather than the traditionally proportionately small chance of winning, an asymmetric bet gives you a higher than predicted success rate.

So, still the same moonshots, but with a greater chance of hitting.

We all should know the best gambles are those we take in ourselves. We are asymmetric gambles. A little bit of time and attention can yield lifelong rewards.

I used to be the all in guy. I'd follow Rudyard Kipling's advice. 

But I'm old(er) now. 

No more risking it all on one turn of pitch-and-toss.

Instead, I look for unbalanced ideas and investments of time and attention. There are so many out there. 

To asymmetric opportunities and outcomes and those who still believe in them.

Ours is the world.