The ideas of high risk, high reward projects, value in the tails, etc. are quite common EA positions now. People are usually reminded that they have a low probability of success and that they should expect to fail most of the time. However, most people I know/have heard of who started ambitious EA projects are doing quite well. Examples would be SBF, Anthropic, Alvea, and many more.
My question, therefore, is: Is the risk of failure lower than we expected, or do I just not know the failures? Do I just know the selection of people who succeeded? Is it too early to tell if a project truly succeeded? If so, what are concrete examples of EAs or EA orgs not meeting high expectations despite trying really hard? Is it possible that we just underestimate how successful someone with an EA mindset and the right support can be when they try really hard?
yeah, in particular, maybe we're in a short timelines world and savings rates are [much??] less important. Personally, I'm stressing about savings rate less currently, both because my life has shifted in significant ways that just make things more expensive, but also because I'm taking short timelines somewhat more seriously.
Maybe one way I can summarize the update is: still avoid doing things that I would generally tend to disapprove of longer timeline worlds, but also try to enjoy life a little more.
So, I mostly still don't eat junk food. But I am going on dates and dancing and going to festivals and trying to channel joy while living in an expensive western city and thinking a lot about <15 year timelines.
It's occurred to me that maybe I should start rolling a dice at some low probability (say 2%) and let that decide for me when I should actually have dessert.