A short monologue urging people (particularly entrepreneurs) to stop hedging against negative scenarios and instead 'go all in' on creating positive outcomes. The speaker uses the 2008 market peak—noting that buying at the worst time and holding would still have produced a 2.5x gain—as an anecdote to illustrate that pessimistic forecasting and hedging can be costly and counterproductive.
If you had invested at the peak of the market in 2008, before the crash, the peak, the worst day to buy ever, but you had held for this entire time, you'd be up 2 1/2 x. That was literally the worst time to buy stocks ever in history. Believing negativity and believing people who said the world's going to end or that we're going to have a big recession coming is the most expensive lesson of my life. Because when you're hedging for what could happen, you're not planning for the positive side of what you can create. And that's actually what entrepreneurship is creating what it is that you want to happen.
