A Quote by N. R. Narayana Murthy
You do not have to be the son of a rich man to be an entrepreneur. Today kids are far more willing to take risks because they've seen high rewards.
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There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded.
...the more risks you allow children to take, the better they learn to take care of themselves. If you never let them take any risks, then I believe they become very prone to injury. Boys should be allowed to climb tall trees and walk along the tops of high walls and dive into the sea from high rocks... The same with girls. I like the type of child who takes risks. Better by far than the one who never does so.
High school wasn't so bad though because, by then, I had worked out that there were far more nerdy kids and poor kids than there were rich, popular kids, so, at the very least, we had them outnumbered.
The thing I preach constantly is do your research; build your knowledge base. Don't just go into business on a whim or a prayer - and don't think 'I'm an entrepreneur so I have to take risks'. Entrepreneurs don't take risks. They take calculated risks; only the good ones.
If designers are willing to take risks, I think buyers should take risks, as well with press taking 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.
When you take high risks, the rewards are higher. So sometimes I'll gamble just to see what happens. If it doesn't work, I know I can't do that.
Unstructured play gives kids the space they need to tinker and take risks - both vital for the budding entrepreneur.
There are many kinds of richness, and the man who is rich because of money is the lowest as far as the categories of richness are concerned. Let me say it in this way: the man of wealth is the poorest rich man. Looked at from the side of the poor, he is the richest poor man. Looked at from the side of a creative artist, of a dancer, of a musician, of a scientist, he is the poorest rich man. And as far as the world of ultimate awakening is concerned he cannot even be called rich.
When rewards go up, people are more inclined to take risks.
I haven't seen too many American distance men on the international scene willing to take risks. I saw some U.S. women in Barcelona willing to risk, more than men. The Kenyans risk. Steve Prefontaine risked. I risked - I went through the first half of the Tokyo race just a second off my best 5000 time.
Passion is one great force that unleashes creativity, because if you're passionate about something, then you're more willing to take risks.
I've been fortunate to have had the life I had prior to Hollywood. I wasn't starving, I was going to eat the next day. I came to Hollywood wanting a career that had longevity, and I wasn't afraid to take risks because I had a dollar in the bank. I wasn't driven by money as much as I was driven by making a successful transition. And I was smart enough to know that I certainly didn't have all the answers and I needed to surround myself with smart people and be willing to take risks and be willing to fail.
I am the most conservative person you will ever come across, and that's because I'm good at reducing risks while leaving the potential rewards high.
I've heard that story about kids are high naturally, but I've seen kids that aren't high, kids who've had the high taken out of them.
That's just the way life is. We have to be willing to pay the price. You have to be willing to pay the price for what's right - and for what we do wrong. That's one of the things that I love about my son. My son was always willing to take his weight.
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