Principle of affordable loss
Summary
- Dont think about success or potential success of any step. Consider the worst case scenario - would you be able to recover? if so, then go into the step without fear.
Details
References
Quotes
"The principle of affordable loss’: don’t be guided by thoughts of how wonderful the rewards might be if you were spectacularly successful at any given next step. Instead – and there are distinct echoes, here, of the Stoic focus on the worst-case scenario – ask how big the loss would be if you failed. So long as it would be tolerable, that’s all you need to know. Take that next step, and see what happens."