The best way to grow is to first prevent losses
- Source: Readwise
- Keywords: Cards/permanent notes
- #business #personaldevelopment #learning
- Relevant Notes:
Why does Readwise focus so much on retention? For the same reasons that founders should reduce churn in a SaaS business before investing in growth; or investors should buffer their portfolios against losses before seeking gains; or bodybuilders should prevent muscle loss before adding lean mass. ==No matter what you’re doing, the best way to grow is to first prevent losses. == Think of it this way: If you’ve got a leaky bucket, you’re better off fixing the leak before pouring water in the top. For those of you who prefer numbers: If you start with a portfolio worth $100 and lose 50%, you now need to earn 100% to breakeven.
This principle, of course, also extends to learning.
- Cards/Willpower and motivation is finite
- Fixing problems saves us more time and energy in the long run
- Counter-argument to this: Cards/The greatest enemy of creative success is the attempt to fortify against failure
- If we always try to prevent failure, we’d barely grow. It’s a manifestation of perfectionism. Remember, Perfectionism renders growth unnecessary and obsolete