They're orthogonal dimensions. My fault that this isn't clearer.
Here's a simpler ordering of operations:
1. Start with the most valuable, highest-leverage thing you want to focus on.
2. Figure out what the riskiest bit of that thing is. Focus on de-risking it.
3. When you're de-risking (or more generally whenever you're just doing that thing), start simple. Beware of adding in unnecessary complexity.
Here's a simpler ordering of operations:
1. Start with the most valuable, highest-leverage thing you want to focus on. 2. Figure out what the riskiest bit of that thing is. Focus on de-risking it. 3. When you're de-risking (or more generally whenever you're just doing that thing), start simple. Beware of adding in unnecessary complexity.