Risk mistake number one: Risk means failure.
This worldview equates any risk, no matter how slim,
with a certainty. If the chances of hurting yourself skydiving are 1%, it's
easy to ignore the 99% likelihood that it will go beautifully.
If you carry this worldview around, you're not going
to take many risks, because your fundamental misunderstanding is that whatever
is uncertain is bad.
Risk mistake number two: Low risk events don't happen.
This is the stock investor who freaks out when the
market doesn't go up the way he and everyone else expected it to. The reason
that some investments offer higher returns is that they're not guaranteed to
work. Implicit in that high return, then, is the clear warning that sometimes,
you won't get what you're hoping for.
I'm not distinguishing between optimism and pessimism.
The optimist is well aware of risks, but deep down, she believes that things
are going to get better. The risk-blind individual, though, is willfully (or
perhaps ignorantly) unaware of what risk actually is.
Most of the things that we do have two possible
outcomes: they might work or they might not. Being able to live with the
possibility of either is essential if we're going to move forward.
No comments:
Post a Comment