TK P: Barbell Strategy: Say YES to everything that widens your options or opens you up for unexpected opportunities (unless it can kill you) and see how it's going to turn out.
In the macro, you must apply the Barbell Strategy to areas of your life that reside in the Extremistan. This means avoiding and insuring against negative Black Swans. Increasing your exposure to Black Swans of the positive kind. TK P: Barbell Strategy (This is for the macro)
It also connects to doing things you're afraid to do. If you're doing scary things, you're risking more in some form or fashion. The riskier a thing the greater the potential reward. One caveat, however, you shouldn't risk when the failure can kill you. You must apply the barbell strategy—avoiding things that can severely hurt you and looking for positive asymmetry.