Blueroselady's Weblog

I wish you abundant happiness, health & wealth

Why am I taking risks?

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1. Risk taking leads to wealth and strong GDP growth / capita.
2. Risk = measurable uncertainty (economist Frank Knight).
3. I grew up in a risky environment. We survived through countless calculated risk-taking.

Things to be aware of:
1. some regulatory environment can leave little room for entrepreneurial risk-taking.
2. The more social security provides a safety net, the less one has o think about the future. Blueroselady, please do not give too much security to your progenies!
3. rich people will use $ to buy time; poor people will use time to save $.
4. Andrew Carnegie: 80% of all millionaires made it through real estates.
5. When you get promoted, do your responsibilities get heavier? YES. Does your salary double?

Written by blueroselady

May 25, 2012 at 8:35 am

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