A Quote by Joshua Foer
There is a short window at the beginning of one's professional life, when it is comparatively easy to take big risks. Make the most of that time, before circumstances make you risk averse.
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my advice to every student who is trying to make a decision for the years immediately after graduation: take the opportunity that in your mind is the most rewarding, that you are most passionate about and that you find most interesting and save the rest of your life for being risk averse. Whatever you want to do, this is the time to pursue it. Twenty years from now, your freedom to take risks will be limited.
Any time you risk big you often risk losing big. You can win big but you can also lose big, but you have to be willing to take those risks.
From my perspective, as an entrepreneur, one is wired to take risks. You, of course, need to be smart and take calculated risks, and then do all you can to make it worth the risk.
This whole thing is - our window to be able to fight and make money is very short. It's a short window to be able to take advantage of this and make as much money as we can and save it for the future. When you're not fighting, and the money's not coming in, you can't do that, and that's the part that sucks about this job.
When life does not go our way or we inadvertently make a mistake, it is so easy to make excuses, place blame on others, or argue that circumstances were against us. But we only progress in life to the extent that we take responsibility for our actions and attitudes, and put forth the initiative necessary to create our own circumstances.
Just taking risks for risk's sake, that doesn't do it for me. I'm willing to take risks that I think are worth it, and I've worked so hard to make sure that I survive.
I think that's something that investment banks have worried about for a long time and are continuing to worry about, but it's not an easy solution when you have lots of people betting the company's money, how do you really allocate those risks? How do you make sure that the people that take the risks are feeling the risks in an appropriate kind of fashion?
Risks I think are the thing that make life important and everything that you and I do is risk vs. benefit. Is there a risk to sending your kid out? Absolutely. Is there a benefit? It exceeds the risk.
If you considered the risks of everything in life you wouldn't leave your house. But I am a father and a husband. I don't do these things for the hell of it. At the same time you accept the risks and acknowledge that there is a risk, that there could be a big crash or worse.
At this stage in my career, I don't have to take any big risks. You want to take a calculated risk, not one that leads to people saying 'yes, but there was that one time when she made that big mistake.' It's always a shame when that happens, especially if you've gotten by for decades without anything hugely tragic.
I don't think the government should touch art. Governments are risk averse. They encourage risk-averse personalities to be artists.
I compensate for big risks by always doing my homework and being well-prepared. I can take on larger risks by reducing the overall risk.
To laugh is to risk appearing a fool. To weep is to risk appearing sentimental. To reach out to another is to risk involvement. To expose feelings is to risk exposing your true self. To place your ideas and dreams before a crowd is to risk their loss. To love is to risk not being loved in return. To hope is to risk pain. To try is to risk failure. But risks must be taken, because the greatest hazard in life is to risk nothing.
I try not to dwell on big mistakes but to move on when I make a mistake. I make mistakes most of the times and that's part of the risk profile being an entrepreneur. I guess one big mistake I did was not to start my own company earlier. I spent nine years working for others before starting Kazaa in 2000.
I believe that inspiration is one of the most powerful forces in life. In career and in relationships, it's worth searching for the path that inspires you. Pursuing such a path often entails risk - it may involve making a big change in what you're doing - but the career risks we regret most are the ones we don't take.
For small businesses trying to figure out how to get big, I would say you are going to have to take some risks. And I think that is what shuts off most people. They are not willing take the risk.
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