Gleb Tispersky. What is the BIGGEST RISK?
Gleb Tispursky 0:06
So what is the biggest risk for me? You're asking?
J Darrin Gross 0:09
Yeah, you are however you you know, you can identify you personally. Or if you see investors or how you see people making decisions or however you want to, however you want to frame the question.
Gleb Tispursky 0:21
So for me, and for me, and for many other people who are like me, the biggest risk, I would say is coal is a cognitive bias called the optimism bias. So I tend to be very optimistically biased. What does that mean? It's one of the cognitive biases where people tend to see the future as always bright. As always great. As you know, the grass is greener on the other side of the hill, everything is going to be wonderful, tend to be risk blind and tend to be have exaggerated expectations. So I tend to systematically underestimate the risks for my future for myself, and this is a huge problem. I've run into many, many mistakes and many problems.
That I wouldn't have to run into if I was not risk intuitively risk blind if I was not just focusing on the opportunities instead of the frets. So I've had to really work on myself and train myself and how to get some outside advisors and help to who are pessimistically oriented to run my ideas by because I just don't see the inherent flaws in them, which are many, you know, the kind of first was 28 years before breakfast, and thinks they're all brilliant. Now, to my bitter experience, I've learned they're not, but this is something I know I have to deal with. And this is something that I've learned to mitigate by both calibrating myself better and knowing that I tend to be way too optimistic, and getting outside help from people who are pessimistic who I trust, who I can run ideas by, and who can tell me that hey, you know, these are 20 have baked potatoes and you know, 17 of them don't make sense but maybe these three you could work on and you know, finish baking them into fully baked potatoes.