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One of the things I wanted to say to the advisor was that the risk reward ratios was in favor. But that would have certainly led to an argument, a test to see who was right and who was wrong. I did not make my point on this. I want to explain my pint to you the point that there is risk in what I do but it does not have to be risky.
Rick people was aware of the nine out of ten failure rate of most start up business. He was also aware that the reward for making it only one out of ten times far outweighed the risk of losing nine out of ten times. Rich further explained his position by saying, most people think only in the realm of what its smart and what is risky or right or wrong, good or bad, financially intelligent people weigh the risks and they weigh the rewards. If the rears are great enough, they will come up with a strategy or a plan what will increase their chances of success, regardless of how many times they will lose before they will win.