what you want are risks where the risk vs reward is asymmetrical and the risk is much smaller than the potential reward. take those all day
there are plenty of risks where the reward is much smaller than the risk. do not do those
MarkPartner on
A bud once said to me.
You don’t open your parachute, until you’ve jumped out of the plane.
FewWillingness1081 on
Sometimes being retarded is a super power in entrepreneurship. Shoot first, think later!
AdDismal3593 on
Yes and no, it’s good to take risks, but always calculated. If not, then you should really believe in the idea. u/consiseandtrue is right, but sometimes you should take the big risks, given you believe in them.
There could be rewards you don’t see at first, “hidden gems”.
The odds of success jumping head-first are 2/10(personal experience). If anyone has done better you’re welcome to share yours.
Purple_Ad3545 on
Yeah but the second biggest risk is the dumb risk you shouldn’t take after deciding to take a risk in the first place.
Some risk is essential, but nearly all business start-up failures occur due to miscalculated risks being taken.
Alas, the world is still not black & white…
Democman on
100% but you have to take care of your brain. Defeat actually fries it, you have to remember that you’re made of flesh and bone.
Whole-Spiritual on
I lost far more taking too small of swings vs losing $ on anything in particular. So I agree. Depends on the context.
Ok_Needleworker8470 on
Yes and no.
It’s all good taking risks but they should be as calculated as possible and avoid huge risks wherever you can.
I’ve known of people who have this mindset that they have to take huge risks and gamble for the great rewards and they’ve lost it.
Be smart with your decisions and don’t gamble what could be years of hard work.
9 Comments
wrong
huge over simplification
what you want are risks where the risk vs reward is asymmetrical and the risk is much smaller than the potential reward. take those all day
there are plenty of risks where the reward is much smaller than the risk. do not do those
A bud once said to me.
You don’t open your parachute, until you’ve jumped out of the plane.
Sometimes being retarded is a super power in entrepreneurship. Shoot first, think later!
Yes and no, it’s good to take risks, but always calculated. If not, then you should really believe in the idea. u/consiseandtrue is right, but sometimes you should take the big risks, given you believe in them.
There could be rewards you don’t see at first, “hidden gems”.
The odds of success jumping head-first are 2/10(personal experience). If anyone has done better you’re welcome to share yours.
Yeah but the second biggest risk is the dumb risk you shouldn’t take after deciding to take a risk in the first place.
Some risk is essential, but nearly all business start-up failures occur due to miscalculated risks being taken.
Alas, the world is still not black & white…
100% but you have to take care of your brain. Defeat actually fries it, you have to remember that you’re made of flesh and bone.
I lost far more taking too small of swings vs losing $ on anything in particular. So I agree. Depends on the context.
Yes and no.
It’s all good taking risks but they should be as calculated as possible and avoid huge risks wherever you can.
I’ve known of people who have this mindset that they have to take huge risks and gamble for the great rewards and they’ve lost it.
Be smart with your decisions and don’t gamble what could be years of hard work.
Put simply, risk (v.) is to do something [although](https://dictionary.cambridge.org/us/dictionary/english/although) there is a [chance](https://dictionary.cambridge.org/us/dictionary/english/chance) of a [bad](https://dictionary.cambridge.org/us/dictionary/english/bad) [result](https://dictionary.cambridge.org/us/dictionary/english/result). So, you would be saying that the biggest chance of a bad result is to NOT move forward with a particular action that has a chance of producing a bad result. Obviously this is not true. I think what you’re trying to say is: “The biggest risk in life is not taking ANY risks in life.” … I think more people will agree with that statement considering how boring life would be without the occasional thrill or the prospect of chance.