develop 2-3b ‘Leverage’ - The effort put in and its utility-results doesn’t have to correlate at all. Use this to your advantage. 2-1b2b4 Look for value-added risk reducing trades 2-3d1 You must understand the risk profile of social distribution one has with others 7-1b4b4 It’s better to take the risk of telling others about your ideas than to hide them 2-1b2b2 ‘Multiplying by zero’ - Be risk-prone but avoid ruin at all cost 11-1c When investing, you have to address THE problem. You have to hedge THE risk. 6-3b3 Don’t think corporate network structure (especially its incentives) is the norm