How A Rich Dancer Handled Risk
Many people have all kinds of negative
voices swirling around in our heads.
You think of doing something, and
then that doubt pops up.
"What if it doesn't work? What if you
look stupid?"
One of the reasons that voice is so
hard to ignore is we convince
ourselves it's trying to "help" us.
"Well, it's better I didn't. I wouldn't
have liked it anyway."
"Wow, I guess I dodged a bullet!"
Many people retreat into the world of
the "enlightened skeptic."
They find comfort in the philosophical
notion of pointing out how "wrong"
everybody is.
"Well, there's no conclusive evidence
that's going to work, so I'll sit back
here on my throne and let everybody
else make those foolish mistakes. I
know better."
Problem with that is since these types
are ALWAYS waiting for proof, any time
they find proof it's MUCH too late.
There was an old stock market trader
who made a couple million over a
couple years.
He was a dancer, and traveled the
world.
He only used telegrams to get updates.
(He wrote a book called "How I Made
$2 Million in the Stock Market.")
Once a guy asked him for as stock tip,
and he gave him the one he was
looking at.
The guy that received the stock tip
wanted to "make sure." He did some
research, studied the company,
studied the economy, etc.
Finally, he contacted the dancer, and
said he was ready to buy some of that
stock.
The dancer said, "Well, if you would
have bought it when I told you, you
would have made 200% already. I
don't think it's going to go up any
more!"
As Dale Carnegie was found of saying,
"The sure thing boat never gets too far
from shore."
Meaning if you ONLY take action when
you feel it's safe, you won't ever get
much more than most anybody else.
Which ain't much!
Does this mean you need to put
EVERYTHING on the line, every single
time?
Not at all. Take that stock market
dancer guy.
He would buy a stock, but ALWAYS sell
IMMEDIATELY if it went down just a
little bit.
Meaning he knew how risky it was,
and he would GET OUT if there is any
danger.
Sure, you need to take risks.
But not jump off cliffs without
parachutes, or jump into the shark
tank at the zoo.
Small risks.
Talking to strangers.
Expanding your comfort zone.
Spending an hour or so a week looking
into what kind of business you might
start.
Hanging out with more like-minded
folks who are ALSO doing things to
improve themselves, rather than
forget themselves.
Do this, keep moving forward, and
success is certain.
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How to Handle Risk