The lower the risk, the lower the possible outcome.
The old saying that you should only bet what you can afford to lose is wrong. Unless what you can afford to lose is something big, maybe 100% of your fortune? Okay, that’s usually too much but I hope you get the idea. The thing is that usually the amount you can afford to lose is too little to do you any good even if you manage to doubble or even tripple it. You play on stockmarkets with 100 bucks, you win 100 bucks extra. Did it really mak...
read moreEveryone wants to win big, in business in life, in sports or whatever else. However, most people want to win without betting. Without risking. We don’t want to take any big risks, whether neccessary or unneccessary. Life is a gamble, you know it. And in order to win, you need to place bets. Most of us however try to place as little and few bets as humanly possible. But that’s not the way to go. In order to get something you need to risk something. And that’s the often overlooked universal rule. ...
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