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Saturday 1 May 2021

it is possible to risk little and win big in this world

Possible, but highly unlikely. Look at small business, for example. The number one reason for failure is the lack of capital during those first few years. More capital = more risk, yet more capital (and thusly, more risk) is necessary to have a shot at succeeding.

One way to minimise risk is sweat equity: The more work you do yourself, the more risk you can alleviate. Taking out a business loan to hire app developers for software can be negated if one were good enough at programming themselves, for example.

Another way is to have money set aside specifically for the risk being taken. We're talking money that you could lose without losing sleep. It's a tough one, but it's possible.

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