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Later, in Chapter 23, we'll dig more deeply into this cruel joke, seeing how it's possible to lose money on an investment, and on the opposite of that investment too! The example of overbetting on coin flips gives us an insight into this; strategies of betting 75% of wealth on heads every flip will lose money under most possible outcomes of flips, such as the most likely case of flipping 15 heads and 10 tails.
The Missing Billionaires
Victor Haghani and James White
Time tells you what you didn’t accomplish. Focus turns off the clock and directs all your energy to the result.
Be ready with multiple strategies; prepare contingent moves.
In the wake of the failed conference, Roosevelt's activity markedly quickened. If the several plans he now contemplated differed in the degree and severity of executive interference (ranging from demonstration to persuasion to coercion), they all shared the same goal: to protect the public from the lack of fuel once plummeting temperatures enveloped the region. The situation that had troubled him in both spring and summer had come to pass in a full-blown crisis.
Leadership in Turbulent Times
Doris Kearns Goodwin
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