Friday, March 20, 2015

Live With The Risk

There is always risk in everything. Not one outcome is 100% sure. Same goes in all types of investment. One must accept that risk is always present no matter how knowledgeable a person is or how stable a business looks like. Acknowledging this fact is the first step in succeeding or avoiding total failure. The next one is is to create a backup plan. And the third is to create another backup plan. And so on. Risk will always be there and we need to learn how to live with it and not paralyzed by it. The only sure risk of failure happening is when you don't do anything at all.