Many people subscribe to the idea that to get a high return you must take a high risk, that low risk leads to low return. I think this keeps people poor, because they either lose a lot or fail to make meaningful returns.
In my experience the rich approach risk quite differently and look for asymmetric risk return; low risk, high return.
If you are looking to expand your business, or your finances, I’d encourage you to look for asymmetric risk return; how can you trial that new idea without sinking a lot of money into it?
It takes a little more thinking, but it’s worth it.
A while ago we were at a horse show. Zara and I walked the course, and I read the jump off and told Zara what it was.
Observing many people and many businesses over time, I’ve observed two factors within your control that lead to much great returns.
Every morning, I meditate with Ernie resting his head on my lap. It’s a special time.
We should eat more leafy greens, go plant based, eat fish not red meat, don’t eat dairy…