Wealth Concentration

If you want extreme results, concentrate.

"Life is barely long enough to get good at one thing."
— Rusty Cohle, True Detective

This is resoundingly true, but that doesn't stop us from fighting it.

The paradox that exists in outsized outcomes is the requirement to focus narrowly on one thing.

We assume (wrongly) that by shutting off all other options, we're reducing our likelihood of success.

That's typically not true. The more options we spread our limited resources between, the higher the probability of an average outcome.

One investment, one skill, one relationship, one product etc.

What we say yes to is incredibly important, but what we say no to is more influential over long-term outcome.

"Diversification is for people who don't know what they're doing." — Warren Buffet

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