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

  • The Lesson

    Every calamity is a spur and a valuable hint. – Emerson In every experience there are two questions one can ask: #1 – Is there a lesson in this? #2 – What’s the lesson in this? Just asking Question One is a great step. A wonderful sign of willingness. Asking Question Two is what all happy,…

  • What Do You Believe, For You?

    Our aspirations are our possibilities. – Robert Browning I can’t guarantee that you will achieve everything you attempt. In fact, I’m sure you (and I) won’t succeed 100% of the time. But, we almost guarantee that we won’t achieve something, if we don’t believe we can. When we have ideas about what we want and…

  • Another View of Courage

    Courage does not always roar. Sometimes courage is the quiet voice at the end of the day saying, ‘I will try again tomorrow.’ – Mary Anne Radmacher Sure, Hollywood wants us to believe that courage is primarily the domain of the well-muscled action hero, but real courage is more like the everyday person who makes a…

  • Act As You Speak

    As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them. – John F. Kennedy When our words don’t match our actions we’re lying. Lying to, at least ourselves, but quite possibly others. Better to make small pronouncements and act accordingly, than speak…