
Saved by Johanna
Hot Streaks in Your Career Don’t Happen by Accident
Saved by Johanna
we can explore and exploit in parallel: become a jack of all trades, and a master of one. Or we can do it serially: lots of successful careers look like an initial period of exploration, followed by going deep on one thing for several years, then an exploration phase in an adjacent field, and so on. There is still a trade-off between these states,
... See moreResearch shows that success and complacency go hand in hand.44 When we succeed, we stop pushing boundaries. Our comfort sets a ceiling, with our frontiers shrinking rather than extending. Corporate executives are rarely punished for deviating from a historically successful strategy. But the risk of punishment is far greater if an executive abandons
... See moreExplore-Exploit Trade-off (David Epstein): A fundamental concept in decision-making that arises in many domains. It is the balancing act between two opposing strategies. Exploitation involves choosing the best option based on current knowledge of the system (which may be incomplete or misleading), while exploration involves trying out new options t
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