To some people, I am a kind of Merlin who takes lots of crazy chances, but rarely makes mistakes. I've made some bad ones, but fortunately, the successes have come along fast enough to cover up the mistakes. When you go to bat as many times as I do, you're bound to get a good average. That's why I keep my projects diversified.
About this quote
- What does it mean?
- Taking many risks increases the chance of success, so diversifying projects protects against individual failures.
- In plain terms
- Do many things so your wins hide your losses.
- What can you take from it?
- Diversify projects to manage risk.
Where it applies
Putting it to work
Questions to consider
- How many risks are you willing to take?
- Is diversification always the right strategy?
Another view
Not all risks can be covered by successes if the losses are catastrophic.
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