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Listen to our food blogging roundtable here: https://pod.link/1014116331

Name: Listen to our food blogging roundtable here: https://pod.link/1014116331
Uploaded: 2025-09-23T16:55:18+00:00
Duration: 59 s
Channel: ChatFBP
Description: A short excerpt from a food-blogging roundtable video where a speaker explains the "thinking in bets" approach to business decision-making: viewing…

23 Sept 2025 · 1 min

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A short excerpt from a food-blogging roundtable video where a speaker explains the "thinking in bets" approach to business decision-making: viewing choices as probabilistic bets (often 50/50), continually gathering information to improve decisions, accepting that one will frequently be wrong, and avoiding harsh self-judgment when bets fail. The clip emphasizes iterative updating of beliefs and practical uncertainty.

Chapters

I come back to is just thinking in bets. And we're not trying to figure out what's 100% guarantee this way or that way. We're placing a bet. And some of this stuff is a 5050 bet. And our bet might be it's better for us to block all chat bots. Like, we haven't done that, but we know a lot of really smart people who have, and they're just placing a different bet than we are at this point. We might change our bet later down the line if we have different information. But one of the things that's helpful to do is to continually gather information to be informed, because the more informed you are, probably the better you are going to get at betting. But I think the important thing to point out is we are often going to bet wrong. And in the world of business, you will never have 100% information and you'll never have a hundred percent guarantee. And so if you have bet wrong on something in the past or acknowledging you will bet wrong on something in the future, to not get too down on yourself, because that's just what it means to do business.