A note from Daniel

Today, we don't have the same level of risk tolerance. People want an extremely high level of safety, but they don't realize we can be too conservative. Being too conservative on safety actually leads to systemic risk. Systemic risk happens when you stop taking risks and get stuck with a system that no longer improves.

Daniel The Anthology Of Balaji, page 43 · February 11, 2024 Save to shelf
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