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Monday, May 29, 2017

Difference between taking calculated risks and being stupid



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The difference between taking calculated risks and being stupid is simple. Before you take calculated risks you think about the worst case scenario.

Difference between taking calculated risks and being stupid

Difference between taking calculated risks and being stupid

You don’t just think about the worst thing that could happen you prepare your mind to accept the outcome.

This way you don’t feel that bad when you lose. Even as you are thinking about the worst case scenario, you learn not to put all your eggs in one basket. This also helps you prepare for plan B and Plan C where necessary.

But being stupid is when all you think about is the gains and how you will enjoy proceeds from the risks you are about to take. You don’t think about the possibility of something going wrong.

I am not saying that you should not be optimistic about positive results when you take risks, I am saying that you should understand that outcomes could go sideways.

So you have to be prepared for what is coming and accept in good fate whatever comes behind that door.

Ever hear of stories where people committing suicide when the market crashed and economies going into recession. People like this could have invested their life savings in market they had no control over, the market crashed and they lost all they had.

Because people like this did not plan for the possibility of the market crashing, they were not prepared psychologically for what is to come. This is a clear difference between taking calculated risks and being stupid.

Taking risks is just like making any other bet you know. Realizing that something might go wrong will help you to be wise and prudent about your bets. You don’t throw all your eggs in one basket all in the name of taking risks

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It is all about challenging yourself for high score.

Link to download game: Google Play Store

Or

Amazon Apps: Amazon App Store




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About Ejike John,

Ejike John is a student of human characters and behaviors, a blogger, programmer, web developer and a lover of music. All he wants to do is write and get his name out there.