William James noted our twin drives: to seek truth and avoid error. Yet, as Nassim Taleb highlights, not all errors bear equal weight.
We often overinvest in avoiding harmless mistakes, paralyzed by the fear of loss. But progress seldom emerges from perfection; it arises from bold, inexpensive trial.
The real calculus lies not in being right more often, but in ensuring that when we are right, it matters. Fail frequently if the cost is low, and structure life to benefit disproportionately from occasional success.