Posts Tagged ‘risk’

No Risk

Posted: November 2, 2017 in Thought for the Day
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“There’s no such thing as ‘zero risk’.” -William Driver

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Great Risk

Posted: October 25, 2017 in Thought for the Day
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“The policy of being too cautious is the greatest risk of all.” -Jawaharial Nehru

Foolish Fear

Posted: June 15, 2017 in Thought for the Day
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“To me, this is a secret to much of my success in life… Just getting past the fear of looking foolish, and taking the risk. It’s hard to do… but it’s the right thing to do.” –Steve Sjuggerud

“Many Americans – average folks working to build a comfortable life – assume the ‘rich’ have a secret.  It seems they know something about ‘how the world works’ that the rest of us don’t….  It turns out, the wealthy do harbor a secret – three of them, in fact….  And these secrets not only build wealth, they allow you to use it to live the life that you want to live….

You don’t need to be rich, though.  You don’t need to pursue money at all costs.  But having financial stability gives you freedom.  Reducing stress improves your health.  And understanding how to manage your income makes for better relationships with your family and loved ones.

Tenet No. 1: Save Religiously.  Tenet No. 2: Invest for the Long Term.  Tenet No. 3: Obsess About Risk

Only by following all three of these tenets can you successfully set yourself free from living paycheck to paycheck.  If you were to find folks with enough cash to live how they’d want to live, you’d find almost all of them followed these tenets.” -David Eifrig

“…the world has been binging on debt like never before.

The International Monetary Fund reported last month that total nonfinancial-sector debt has ballooned to an all-time record of $152 trillion… while the global debt-to-GDP ratio has also soared to an all-time high of 225%, up from 200% just 14 years ago.

Worse, we’re seeing record debt at the government level, the corporate level, and the consumer level (via auto and student loans, in particular). The boom in corporate borrowing is especially concerning…

U.S. companies have already borrowed $1.4 trillion this year to date, according to data firm Dealogic. This is on pace to shatter last year’s previous all-time record of $1.5 trillion.

Unfortunately, most are using this money to refinance existing loans… buy back stock and pay dividends… and finance expensive (and often questionable) mergers and acquisitions. This will do little to help the economy. But it greatly increases leverage… and risk.” -Justin Brill

The billboard read, “Life is an adventure, take risks.”  Good advice but I would add a single word, calculated.  Take calculated risks and reduce risk when possible.

“The best entrepreneurs are not risk-takers. They spend every day reducing risk.” –James Altucher