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Hot Streaks in Your Career Don’t Happen by Accident
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 moreRichard Meadows • Optionality: How to Survive and Thrive in a Volatile World
Research 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 moreOzan Varol • Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life
Explore-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
... See moreAlmost everyone I’ve met would be well-served thinking more about what to focus on
Henrik Karlssonopen.substack.com