Inversion
topic on 2 shows · 2 statements across 2 episodes
Founder's Journal
Capital Allocators
2 statements about Inversion, every show
Lieberman: Avoiding stupidity is easier and more effective than seeking brilliance
“It says that avoiding stupidity is easier than seeking brilliance, and Munger has famously said, all I want to know is where I'm going to die, so I'll never go there.”
Parrish: Under uncertainty, eliminating bad outcomes reliably produces good outcomes
“When you don't know, and there's a lot of uncertainty, it's like, if we can avoid all the bad outcomes, Then we can't help but get ourselves a good outcome, right? So it means just approaching things backwards and being like, what do we want to avoid? And how …”