Risk is one of those topics that is subjective.
So, when I talk about “slow” risk, I’m actually not referring to one specific type of risk, as there are many types.
But when we take risk, or examine it, we need to slow down.
There is advice circulating out there similar to the following:
“Fail fast, and fail often.”
That statement seems to be loaded with risk, right? If you fail fast, you’re also contradicting the very essence of the “slow” philosophy I’m referring to as it pertains to risk, right?
Not so fast.
I challenge that by failing fast, and failing often, you’re actually slowing down risk… because you’re allowing yourself small steps of failure, instead of an unpredictable mode of a large, catastrophic failure that is bound to happen if you take big risks too fast.
Think of it this way, if you are trying to avoid every little failure and prepare for every single possible negative consequence, especially when you’re “risking” the unknown… you never learn about that unknown.
And learning is how you slow risk… failing fast is how you learn to do just that.
You see, Slow, the book, isn’t about going “slow” all the time, in everything… it’s about picking the highest leverage points at which to go slow.
Right now, I think we need to get better at picking the right points to go slow… and that’s why I’m writing the book.