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Populate Links #5

by Populate


Overconfidence is (probably) blowing up your life — Snow Ventures

Most of the time when something blows up, it’s because of a combination of structure and overconfidence. It happens when a person, a firm, or even an entire economy becomes overconfident, and creates a complex set of structures and obligations around what it thinks it can deliver on. Inevitably the reality of what is possible vs. what is promised becomes clear, and unwinding these structures ends up causing a lot of pain for everyone involved. 


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