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Could someone elaborate what specifically is meant with having high risk tolerances?


Most employees look to own parts of larger projects where the returns are modest and a low potential failure rate.

Most manager look to own projects that may return a modest multiple of their budget with a 80% chance of success.

There are few executives that will target an opportunity that is 100x their budget with a 20% chance of success.

To the company the third group of employees are much more valuable than the first and second because the returns on the winners vastly exceed the cost of the losers. Individuals however are cognitively biased against personal failure so it is hard to find individuals that will swing for the fences (and who can also convince people in group 1 and 2 to work for them).

Good companies create frameworks where it is okay to fail (i.e. doesn’t impact your job, advancement prospects, etc). Unfortunately that is difficult and it generally is easier to hire sociopaths (no joke).


I wouldn't dream of speaking for Patrick but I believe it's something along the lines of:

unreasonable deadlines, non-existent documentation for existing systems, non-existent QA processes, unavailable/non-existent support staff, undocumented/unclear requirements, etc.


It sounds like the person that tolerates bad management well, wont try to change things so that they are better managed and simultaneously is autonomous enough to manage own responsibilities well. I see how last one is a bit in contradiction against first two. Such people exists, but are indeed rare and hard to recognize.


Yeah, if you're an employee you might care about things like that but some people do consulting, you know.

I would add: some organizations make fistfuls of cash and don't have much in the way of a technology team. Others pump billions of dollars through Excel macros. Not every company has a great IT team following all the latest buzzwords.




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