The Tim Ferriss Show#856: Jim Collins — What to Make of a Life and How to Maximize Your Return on LuckWhen Options Hurt Commitment
2:13:13–2:14:21 · 68s
Quoting Irv Grousbeck, Jim explains why an ‘option to come back’ can have negative value—it weakens all-in behavior in low-odds games where partial effort equals zero.