September 04, 2009

The Balance Between Risk and Reward

"Dissatisfaction with possession and achievement is one of the requisites to further achievement."

John Hope

Early 20th century educator

At the craps table this would be a decision to let it ride or walk away with your winnings.

There is a need to take some of what we achieve "off the table", because at some point, continuing to bet it all means we could well lose it all.

On the other hand, if we become too content with what we have there is little to no chance of achieving more.

How do you deal with this dilemma in your business decisions?


  1. Never bet more than you can afford to lose, either as an individual or as a manager of company assets.

  2. I simply don't take risks, as an individual nor as a manager.

  3. Everyone takes risks Ed. There are no certainties in life.