11 min read Opinions expressed by Entrepreneur contributors are their own. Our brains are hardwired to make much of modern life difficult. This is especially true when it comes to dealing with uncertainty. On the bright side, if you know the right tricks, you can override your brain's irrational tendencies and handle uncertainty effectively.
Fascinated by this question for my whole career as a serial entrepreneur and writer, I've read more billionaire entrepreneur biographies than I can count, researched what they have in common, and met and interviewed several. Without a doubt, luck plays a central role.
Elon Musk uses decision trees to make big decisions (a tool that uses a tree-like graph or model of decisions and their possible consequences, outcomes, and resources). They are particularly useful for avoiding stupid risks and big bets that aren’t likely to succeed.
Most became a billionaire by making unlikely big bets, as their expected return statistically was much higher than safer bets.
One of the best ways to get information is not from just being better at searching Google, it’s from learning how to build a network and get the information you need through that network.
This network should include people’s lessons learned and hacks, topics that are too sensitive to talk about because they make someone look bad, and tacit knowledge (knowledge that people have but aren’t able to articulate).
"Uncertainty is the only certainty there is, and knowing how to live with insecurity is the only security." ~John Allen Paulos In three weeks, my boyfriend and I might move from the Bay area to LA, or we might move in here with roommates if he decides not pursue a film career.