What Is Risk, Really?

“Risk comes from not knowing what you’re doing.” – Warren Buffett

There are many things we are not prepared for, that we will never encounter.

There are, however, many things that we can reasonably expect to encounter, that we could prepare for, that we ignore (for whatever reason… ).

Some examples:

Divorce is (generally) a result of not addressing risk adequately: not loving yourself enough and choosing the wrong partner, ignoring danger signs (i.e. risks) at the outset; or, not loving your partner enough, and letting the marriage atrophy and wither.

Losing a job is (overwhelmingly) the result of not addressing risk adequately: not adding enough value and becoming expendable; not adding new skills and abilities and becoming irrelevant.

Most every “surprise” is the result of unmitigated risk – of not taking a clear-eyed view of likely scenarios and making sufficient preparations.

Not every risk is completely avoidable. But most every risk that you can identify responds well to mitigation.

For whatever you have in life that is precious and/or critical, consider the risks. Take steps to deal with those risks before they becomes problems, or crises.

One of the great talents in life is balancing moving ahead, focusing in growth and opportunity, and spending time and resources dealing with risk – the “what-ifs” of life.

Similar Posts

  • Do. Something.

    In a moment of decision the best thing you can do is the right thing. The worst thing you can do is nothing. – Theodore Roosevelt Assume that you’ll have some clue as to what to do, and what not to do. Because you do. Choose action.

  • The True Measure

    The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. – Martin Luther King, Jr. It’s when things are tough that one’s true character is revealed. I heard someone say people are like oranges: they reveal their true…

  • Let Your Soul Grow

    To practice any art, no matter how well or badly, is a way to make your soul grow. So do it. – Kurt Vonnegut Whatever you do is your art, if you let it be. Do everything with an artful intention and touch. Take care and act with awareness and love. Let everything you do…

  • Live Like The Champ

    Do not count the days; make the days count. – Muhammad Ali Counting the days is splitting your time between the past and the future. Usually it’s wishing the days gone by were different and hoping the days to come are better. Living well and achieving is all about being-in-the-moment and making each moment – each…

  • Seeing Things Anew

    “Discovery consists of seeing what everybody has seen and thinking what nobody else has thought.” – Jonathan Swift This reminds me of an oft-quoted line: when you change the way you look at things, the things you look at change. Both are excellent reminders that our perceptions and ways of seeing things are habits (that…