Submitted by Fred on

Risk

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Lifestyle

Do you have an appetite for risk?

Risk can take many forms: physical, financial, social, emotional, intellectual, creative, legal and (feel free to add more to fill in the blank).

As one who espouses a "Dare to be great" philosophy I have taken risks in my career, but as I mature my wife perceives a growing tendancy towards risk aversion. Maybe I've had my fill of risky business.

Do you walk the tight rope without a net?

Comments

Rona Gura

I don't even walk the tight rope. Never was a risk taker.
Donald Bernstein

I think you are risking your reputation by asking two comment seeking questions in your blog.

Submitted by NULL (not verified) on Fri, 05/31/2013 - 02:09

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I measure risk to reward. Now that I am a Mom, I will not jump out of a plane or bungie off a cliff. Not scared, but not a risk I'm willing to take. My first resposibility in life is raising my son.

When my team talks to clients about investing, that is a conversation that talks about risk first, reward second. It needs to be talked about, digested and understood.

Submitted by Vincent_Serro on Fri, 05/31/2013 - 02:42

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Vincent Serro

I think all risky ventures should be calculated. The potential reward should outweigh the potential for disaster.

Submitted by NULL (not verified) on Fri, 05/31/2013 - 03:53

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Calculated risk....Not flagrant risk.....Minimizing risk. A far cry from my youth ! But I must add that I ride a Harley , fly jets and smoke Cuban cigars....I quit the whiskey though.....

Hollander Sends
Ester Horowitz

I'm a middle roader so I'll try but I'll attempt to learn as much as I can before jumping. Sometimes that is not always possible. My Dad taught me that when you can't make a decision make any decision. It's better to know you got it wrong and how to right it, than to never try.
Sherry Rivera

I do take risks sometimes. When I do not take a risk for myself but on behalf of someone else, it becomes very stressful and I wonder why I would do that to myself.
If it is for myself, it is part of the excitement or pleasure in life. I do mean small risks but I enjoy the "challenge".

Submitted by Liz_Saldana on Fri, 05/31/2013 - 05:26

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Liz Saldana

As long as it isn't likely to end with my tomb stone reading "What was she thinking?", I'll consider it. :)

Submitted by Lucas_Meyer on Fri, 05/31/2013 - 05:51

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Lucas Meyer

In the money management business, I calculate the riskiness of each asset we own on a continuous basis. The core value proposition is "to get the client paid for the amount of risk he or she is willing to take." Same goes for life, too.

Submitted by Linda_Newman on Fri, 05/31/2013 - 06:57

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Linda Newman

No risk, no reward. I'll chime in with the folks who believe in a calculated risk. I am also in business to evaluate risk and I give very prudent advice. Many times, the person takes the risk and then is sorry afterwards. Penny wise and pound foolish...

Submitted by Fred on Fri, 05/31/2013 - 08:26

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Fred Klein

The secret is to allow yourself to enjoy life
Corey Bearak

I use penny wise and dollar foolish.
As to risk, in every step one takes, one faces risk; some you know, some you anticipate, sometimes it finds you, some you choose. I choose to face and embrace it; but also on my terms, wherever and whenever possible. Not my thing to share what I faced or challenged.

Submitted by NULL (not verified) on Fri, 05/31/2013 - 15:56

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And that I do.....CC takes it to the Bosox...That's enjoyment.

Submitted by Alan_Schwartz on Fri, 05/31/2013 - 22:29

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Alan Schwartz

There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.
John F. Kennedy

Submitted by NULL (not verified) on Sat, 06/01/2013 - 03:35

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every day! - i am fearless

Submitted by TheodoreLanzaro on Sun, 06/02/2013 - 05:08

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Theodore Lanzaro

I do not believe in taking foolish risks with my person. No bungee jumping, cliff diving, etc. It's just a matter of having too much to lose.

However, nothing great has ever been achieved without taking calculated risks. If you want it all financially, you have to be willing to lose it all financially with the knowledge that you can always rebuild.

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