When it comes to taking risks, Netflix co-founder Reed Hastings has an important rule of thumb.
"I try to take a lot of risks on things that are recoverable," Hastings said in a recent conversation on entrepreneur Tim Ferriss' podcast.
A two-way door risk is easy to take because it's reversible, so "you can come back in and pick another door," Bezos said.
But a one-way door risk probably can't be undone.
In 2017, Hastings told CNBC he was actually pushing his content team to "take more risk" in that regard.
Persons:
Reed Hastings, Hastings, Tim Ferriss, Jeff Bezos, Lex, Bezos, — Hastings, Ferriss, Fortune
Organizations:
Netflix, Amazon, CNBC, Peace Corps
Locations:
Swaziland, Africa