There is a risk-reward tradeoff inherent in hedging; while it reduces potential risk, it also chips away at potential gains.
I once heard a guy say that he acts like an asshole because at least he knows what he gets with that. He knows people will hate him and that is at least more comfortable than the unknown of changing.
How many times have I done that in my life? I could not tolerate waiting to see what good would feel like, so I sabotaged myself, because that felt safe.
I call it danger disguised as safety.
I have buried myself alive and wondered why no one could see me. I chipped away at my own potential gains, thinking I was reducing potential risk, and I was I reducing my risk and my potential.
What will happen if I chip away at reducing my potential risk to find my potential gains?
That's how Michelangelo described creating the sculpture of David. He just chipped away what wasn't necessary. He also found that piece of marble discarded in the trash.