My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Beliefs
People who are comfortable going backwards can go furthest forward
Evidence
Those who romanticize or accept losing their current status can take bigger risks that create asymmetric opportunities, while status-protection limits risk-taking.
Implication
Psychological comfort with downward mobility is a predictor of ultimate success level and should be actively cultivated.
Counter Belief
People who protect their achievements are being rational and responsible, and comfort with 'going backwards' might indicate poor judgment or lack of appreciation for success.
Example Application
When evaluating investment partners or business opportunities, prioritize people who genuinely seem comfortable with the possibility of losing their current position.