Episode 58: How to Get Lucky in Life and Take Smarter Risks

About the Episode

Today, we dive into the fascinating world of luck, risk, and how they shape our lives. We explore the delicate balance between playing it safe and taking chances, and why understanding this balance is crucial for personal growth. If you’ve ever wondered whether you’re too cautious or not cautious enough, then strap in for this one.

We dig into the psychology of luck, examining how our perceptions influence our outcomes, and why taking calculated risks can lead to outsized returns. We also tackle the tough question of how to cope with life’s inevitable hardships. Hopefully this gives you a fresh perspective on risk-taking and a new appreciation for the role of chance in your life.

Enjoy.

Quotes From the Episode

The fewer people willing to take risks, the more reward there is for taking them.

You get to live, you get to do all these cool things, you get to fucking ride the Ferris wheel, and eat great food, and have sex, and joke with your friends and everything. But part of that bargain is you have to have a tragedy every once in a while. That’s just how life goes.

Luck is just risk management. People who don’t think about risk management just sit around and blame things on luck.

Poker taught me one of life’s most important lessons: You can play perfectly and still lose—or make a huge mistake and win. It’s all about probabilities.

Most people are so risk-averse that just trying makes you stand out—get in shape, meet people, read books, and you’re ahead of 70% of the population.