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Things with convex payoffs

Things with convex payoffs

1 min read

  • Tags:: #Tweet, Career tips

  • Link:: https://twitter.com/cgst/status/1359668906567163906?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1359668907343179778%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Froamresearch.com%2F%2Fapp%2Fdr___mario_second_brain

  • Highlights::

    • Once you think of ^^payoff as a stochastic process,^^ in which intrinsic skill is just one factor, then you start to understand what nudges the process in the right direction, and what doesn’t make a difference.

    • Things with convex payoffs:

  • Reputation that puts you on the radar of smart people

  • Strong network

  • Valuable information flow

  • Starting companies

  • Joining fast-growing companies early

  • Expertise in high-growth industries

  • Trying new things and cutting losses

  • Integrity

    • Things with marginal payoff:

  • “Meeting” vs “exceeding” 2021 Q1 perf expectations

  • Getting a bonus

  • Jockeying for favorable peer reviews

  • Pleasing your peers, manager, execs

  • Mastering idiosyncratic bureaucracy and processes

  • Learning a new language, framework, stack, etc.


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