The beauty of hedging
I love the idea of hedging.
In the investment world, the idea of a hedge is pretty simple: You pick an investment, identify major risks you see, and then pay money to get rid of those risks.
However, hedges are not limited to the investment world. In fact, I cannot think of a single discipline that cannot utilize the concept of a hedge.
It’s a simple idea but a strong one: Next time you make a decision and identify a set of risks, instead of thinking whether you want to take those risks, why don’t you start to think about spending money and time to simply remove those risks?
