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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

  • business strategy
  • career development
  • creative projects

Putting it to work

  • launch multiple products
  • invest in varied areas
  • accept occasional failures

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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