5/24/2008
11:10 pm

I just read the time article about the secret of successful entrepreneurs.
Successful entrepreneurs are actually more risk averse than risk taking, contradictory to what most believe.
They weigh out the maximum lost they might make from undertaking a certain investment. If it is small, they will invest in it.
Most of the time, entrepreneurs seem to take a huge gamble by starting a business, but it actually isn't cuz there isn't much to lose when you start out small.
thinking about it... I thought this is very applicable. Risk takers often don't weigh the benefits and costs. while risk averse ppl do so. The build up on savings also allow you to buy good investments when it is at a low price. letting you earn huge profits at minimal cost.
well... These are my opinions based on my experience of playing the game gatlantic mangnate..(if that's how u spell it), i.e. it's a game something like monopoly, but with it's rules modified and it is online versus real ppl. I've found that risk averse ppl win more often, unlike me...
waiting by the river|`