Latest "risk" Posts

#697 Minimize Your Losses

When things aren’t going well, sometimes the best way to maximize your profit is to minimize your losses. Don’t fall so in love with a business, product, or concept that it impacts your judgement.…

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Posted by Joel Brookman in Podcasts, risk.

#696 Spread Your Risk

In life you never want to put all of your eggs in one basket. Once you’ve reached some degree of comfort financially, spread your risk around so you don’t have too much exposure to any one thing.

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Posted by Joel Brookman in Podcasts, risk.

#695 Don’t Take Big Risks Repeatedly

While it’s true that most successful people took risks to get there, it’s important not to take big risks repeatedly. At some point your good fortune may run out. Be smart about the risks you take.…

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Posted by Joel Brookman in Podcasts, risk.

#694 The Risk of Exposure

Consider the risk of exposure. The law of averages suggests that the more exposure you have to a risky activity, the higher the probability that you will experience a problem.…

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Posted by Joel Brookman in Podcasts, risk.

#693 Coming to Terms With Risk

Coming to terms with risk requires you to fully understand the consequences and the odds associated with those consequences.…

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Posted by Joel Brookman in Podcasts, risk.

Law of Averages

In college I had a friend I’ll call Jay. Jay lived in the apartment next door during my senior year. Our apartment complex was situated off a reasonably busy road. One day Jay drove me to class. When we pulled out of the complex to make a left turn (onto a two way road) he looked left, realized he was clear, then put the gas pedal to the floor. He did all this without ever looking right. On the day he drove me, fortunately there were no cars coming from the right. When I asked him about it he said that there were rarely any cars coming from that direction so he was fine.…

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Posted by Joel Brookman in risk.

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