resilience

TFP #061: Strategic Mediocrity: Big Bets vs. Resilience

Over the past few months, I’ve been watching movies about the Great Financial Crisis of 2008. At the time, I was a freshman in college. While I knew something bad was happening, I’d be lying if I said I fully understood the gravity of the situation. My parents certainly did!

Some of the movies I watched:

  • The Big Short

  • The Last Days of Lehman Brothers

  • Margin Call

  • The Company Men

  • 99 Homes

  • Too Big to Fail

  • Inside Job

Besides their entertainment value (most of these are excellent), two major lessons stood out:

  1. The media’s obsession with the "big bet."

  2. The importance of resilience and maximizing for endurance.

Let’s dive in.