The End of America
Americans crushed

Risk. Live.

Nassim Nicholas Taleb:

[...] life is sacrifice and risk taking, and nothing that doesn’t entail some moderate amount of the former, under the constraint of satisfying the latter, is close to what we can call life. If you do not undertake a risk of real, reversible or even potentially irreversible, harm from an adventure, it is not an adventure.

A few years ago, I was thinking of investing in a new company in Canada. At that time, I had put money in established businesses --  blue chips like TD, CNR, SU, etc. 

I hesitated. Then, I went over four possibilities in my mind:

  1. The new business fails. My investment in it goes to zero.
  2. The new business fails. I didn't invest. I didn't lose.
  3. The firm succeeds. I make a nice return.
  4. The firm succeeds. I didn't invest. FUCK!

I realized that, going forward, I could live with the first possibility but I would really hate for the fourth to come true. So, I put a little bit of money down. What's funny is that a year later I mentioned my super risky pick to some of my colleagues and they all shook their heads. Not one of them would risk a penny in that highly speculative industry. They thought that the chance of making it was just too low. "Good luck, man," was their merry response.

And then they collected money for their next lottery ticket purchase.


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