When to use it
Use it when your industry or organisation is volatile and you want to benefit from shocks.
How to apply it
- List the ways your career depends on a single employer, skill or client.
- Reduce any single point of failure, for example by building savings or a second skill.
- Take small, low-cost bets such as side projects or short courses with large potential upside.
- Avoid commitments with large downside and limited upside.
- Review each quarter which bets to stop and which to expand.
Tip: Keep each experiment small enough that failure costs little; the value comes from many attempts.