Houston Rockets

If you're number 2, elevate your risk profile to get a puncher's chance

Shaan uses the Houston Rockets' all-three-point strategy against the dominant Warriors to argue that a clear underdog shouldn't just try harder, they should deliberately increase volatility. If you'll lose by default, raise your risk to create a scenario where you might actually win.

“And I think this happens in business too, where if you're the clear number 2, not only do you have to try harder, you need to elevate your risk profile. And so how do you take greater chances given that by default you're going to lose? So if you're going to lose anyways, you have really nothing to lose besides— you have nothing to lose, and therefore you should elevate your risk and try to get into a more high volatility scenario where you may actually win.”

Steal thisWhen you're the clear underdog, deliberately raise your risk profile, a high-volatility bet is your only path to actually winning.