Monday, January 10, 2005

Risky Business

Tsunami pictures from space... done with that for awhile.

Today was spent peering into the future. I need to be sure that I make wise investment decisions for my family's sake. But nothing is ever really simple about the future except that eventually it will become a today.

How much are we willing to risk for the opportunity to attain (or obtain) more? How much downside can we accept for an upside? And what or who is to say that our assessment has any chance of being almost correct?

Risk takers don't seem to concern themselves much with downside analysis. The future never comes or is certain in their minds. Others are so concerned about the future that they can't make a decision. No decision is a decision. Inaction is a course.

Life has its risks. We don't have to be foolhardy to accept risk... but we should understand our options. Gamblers take risks; good gamblers know how to play the game and the odds.

It's also good to have a Plan B.