Fishing Risks
“Take risks, but make sure you are here Tomorrow.” — Nassim Nicholas Taleb
Once Dave, the barbarian, and Colonel Sanders went on a fishing trip. Dave was the helmsman and Colonel Sanders was the angler. Dave instructed the colonel to hold the fishing rod and call him if he catches anything.
Colonel Sanders nodded with a smile.
A few moments later…
Colonel Sanders: Hey stupid Dave, Come here quick. I caught a fish.
Dave: Hold it !!! Hold it !!! I am coming. I am coming.
Dave took the rod from colonel hastily and looked at the catch. It was a bull shark smirking towards them. Dave looked at colonel sanders, “with the eyes”.
Dave: Oh shit.
Now, when things go really bad, most of us won’t even have the time to say parting words like, “oh shit”.
There’s a general theme around people now. It starts with either a kid or a middle-aged man with hyper energy and over-exhausted use of hand gestures. who says things like, “Big risks, Big rewards.”, “JOB? Just over Borke.”, “Entrepreneurship man”, “Trading brah”.
And people being naive tend to believe, if you do not take big risks, you will not get big rewards. I know the subtle gest of this approach is to try things out, and I agree with the general theme, well, part of it.
You should try things out, but just don’t kill the goose.
Fuck you, if you believe taking big risks correlates to big rewards. For those idiots get the book by Mark spitznagel’s safe to have an asset. Mark introduces the concept of a type of asset class that works as insurance at the time of the catastrophic event but works even better at normal markets. Can it get any better assets class than this?
The problem is we think a stonefish and a tilapia are the same because they are both fish. But let’s remind ourselves, one will kill us and the latter will become a delicious plate for us.
I have no problem with you trying to take the risk and start something. By all means, go for it. But before you start, understand that there are different types of risks. Some will benefit you, some will harm you, but all will certainly teach you, well dead or alive, of course.
And there is no such thing as medium risk. It’s just a stupid risk.
You should know the difference between doing a wheelie on a motorcycle and not changing your engine oil, speculating on a meme coin and saving for a rainy day, starting a new business and improving the current business model, or asking just any girl for a date and taking your girl out for a swing.
Listen to this Christopher Lee clip carefully.
