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Risk is the ultimate differentiator. I have always had a deep and complex relationship with it. I am not a reckless person, but taking risks is really the only way to consistently achieve above-average returns — in life as well as in investments. My father proved that when he left Poland. I am probably more comfortable with risk than most people. That’s because I do as much as I can to understand it. To me, risk-taking rests on the ability to see all the variables and then identify the ones that will make or break you.
Sometimes, the greatest safety can be found in taking the right risk. Whether it be an individual, a community or a country, when faced with tragedy or fearful uncertainty, we either become bigger and enter life more fully, or else we accept a diminished life and resign ourselves to a smaller way of being.
Whenever you create anything, you take a risk. And that includes your life. It may work out, it may not. It may be well received, it may not be. . . .
It's always a risk to take action. It might not work, it might blow up in your face, you might lose money, you might fail. No one may get it.
But that's not the only risk. There's another risk: the risk of not trying it.
How is not trying a risk? You risk settling and continuing in the same direction in the same way, wondering about other paths and possibilities, believing that this is as good as it gets while discontent gnaws away at your soul.
Risk, to some, is a bad thing, because risk brings with it the possibility of failure. It might be only a temporary failure, but that doesn’t matter so much if the very thought of it shuts you down. So, for some, risk comes to equal failure (take enough risks and sooner or later, you will fail). Risk is avoided because we’ve been trained to avoid failure.
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