Asymmetric Risks are Still Risks
If one can recognize a clearly asymmetric bet, it is almost always worth the risk. However, one needs to recognize that asymmetric doesn’t mean there isn’t risk.
What bothers me is when some guru spouts about risk, an asymmetric risk, they almost always seem to be one of the people where that risk works out for them. However, there are plenty of people who take those risks, and lose.
But it seems to me that most of the people who talk about taking big risks are the same ones who were brave enough to take those risks, but didn’t lose, it worked out. I feel it’s more rare to hear from those that took the risk, and lost, but bounced back and keep swinging.