A Quote by Jesse Itzler
Anytime you take someone's money, that puts enormous pressure. But I think if you want the most reward, you have to take the most risk.
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If you want the most reward you have to take the most risk.
So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.
If for you the most important thing is to make a lot of money, then you don't want to take a certain type of risk. If, on another hand, the most important thing to you is to make people around you have a more fulfilled life, then there is a different set of things that are important to you. Unless you really know that about yourself, you will never be able to appropriately assess risk.
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.
I learned that you shouldn't take your most esoteric concept and fit it into the largest space with the highest fixed costs. It puts too much pressure on the restaurant to hit grand slams every day when there just aren't enough people who want to watch that sport.
Well, the studios don't really want to take those risks right off the bat. They'll take the risk after they've seen the finished product and say oh yeah we want that. This is a great film but they are hesitant to take the risk when you just see it on paper.
The two most important things to do for self-defense are not to take a martial arts class or get a gun, but to think like the opposition and know where you're most at risk.
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.
Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.
Thomas Stanley has not only found no correlation between success in school and an ability to accumulate wealth, he's actually found a negative correlation. 'It seems that school-related evaluations are poor predictors of economic success,' Stanley concluded. What did predict success was a willingness to take risks. Yet the success-failure standards of most schools penalized risk takers. Most educational systems reward those who play it safe. As a result, those who do well in school find it hard to take risks later on.
Honesty before God requires the most fundamental risk of faith we can take: the risk that God is good, that God does love us unconditionally. It is in taking this risk that we rediscover our dignity. To bring the truth of ourselves, just as we are, to God, just as God is, is the most dignified thing we can do in this life.
Our lives improve only when we take chances - and the first and most difficult risk we can take is to be honest with ourselves.
Vocal music is an attempt to take the whole human being and project it into space. It is the ultimate gesture of getting out of yourself. You take a part of you that is most private, most personal, most inward and you hurl it out into space - you project it as far as you can. That gesture of opining this whole region of the body results in an enormous spiritual release, and is felt by other people with tremendous impact.
There was a lot of risk taken in the Mercury and Apollo eras, and we don't take those risks anymore. We've designed the systems to eliminate risk, which makes it take forever and cost too much money.
Of course if you happen to time the market really well, you can make more money with some of these smaller companies, but for someone with no exposure I wouldn't want to take the risk that they timed it wrong.
I don't even think about the money when I consider roles, I turn it over to my agency. Money will come. I respect it but I don't thirst for it. I wish Americans thought more like Europeans when it comes to money and work. They take time off, they do what they love. We think work is the most valued commodity. Really the most valued commodity is time.
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