Dajia Picks

Like investing, work is all about playing the odds. Take performance-based pay versus sales commissions: your salary sets a ceiling, but commissions have no upper limit and clearly define the floor. A ceiling means there's a hard cap—what you see is what you get. But when there's a clear floor with no ceiling, that's where you have room to grow.

If you have an employee mindset, you'll see working for a paycheck as simply the way things are. You get used to it—no matter whether your project succeeds or fails, the boss still writes the check at the end of the month.
But investors don't operate under those conditions. There's no guarantee that one round of hard work will pay off. One attempt and you could be ruined forever...

只有 when you might lose, can you employ "so-called tactics," and can you go after the substance.

Your options are reduced to two: win gracefully or win disgracefully. Which do you choose? And if your options are lose or win, which one do you want then?

When everyone assumes you will win, not pursuing a graceful victory is, in everyone's eyes, tantamount to losing.

If you are bound to win no matter what, then you cannot resort to tactics—because this is your moment to flex, to build your image.