The journeyman learns to solve bigger problems by solving more problems at once. The master learns to solve even bigger problems than that by solving fewer problems at once.
Spend 80% of your time on low-risk/reasonable-payoff work. Spend 15% of your time on related high-risk/high-payoff work. Spend 5% of your time on things that tickle you, regardless of payoff. Teach the next generation to do your 80% job. By the time someone is ready to take over, one of your 15% experiments (or, less frequently, one of your 5% experiments) will have paid off and will become your new 80%. Repeat.