I generally try not to write about current events, but I’m on a plane and this is my damn blog so you get what you get. Also, I think this is important: stick with me all the way to the end.
I spend less than two minutes choosing what to wear every morning. And I spend less on clothes in a year than most people in my income bracket do in a quarter. And I do it all by satisficing.
I admit it: I don’t actually mean the title of this article literally. Risks are great but only when built on a foundation of knowing what the heck you are doing. Yet big bets when the moment is right are not only the only way to beat the house, they’re also critical to human happiness and…