Adrian Cross delivers a compact, decision-grade briefing that reframes multiple agentic projects as a single portfolio problem. Core insight: the way you allocate scarce attention and engineering capital across agentic initiatives determines whether AI becomes optionality-amplifying or a source of concentrated operational risk. Three supporting points: 1) quantify each initiative by expected leverage and variance, 2) value correlation and diversification between initiatives, 3) price operational friction and tail risks into sizing decisions. You’ll get a three-step rubric you can run in under ten minutes to score, size, and rank projects, plus a minimal spreadsheet model and a clear kill/scale rule. Tailored for executives and operators who must decide where to place bets without getting lost in technical detail, this episode converts strategic ambiguity into a repeatable allocation routine. Action step: run the rubric on your top five initiatives this week and reallocate according to the scores.