how important to success is taking risks?

[aidanjm]

?

 

[sixone]

I'd say avoiding stupid risks is more important to success.

 

[Amused]

Very important. However sixone is correct, you have to be very careful what risks you take.

 

[SonnyDaze]

You have to look at it as Risk vs Gain. :thumbsup:

 

[KillyKillall]

you should be looking at "informed risks"

 

[JS80]

I would say it's highly correlated.

 

[ElFenix]

the market doesn't pay you extra for stupid risks.

 

[Lola]

Out of all the very successful people i have met, they have taken huge risks and never looked back.
They always told me to use every bad thing that ever happened as a learning experience.

 

[tweakmm]

Originally posted by: Amused
Very important. However sixone is correct, you have to be very careful what risks you take.

It's all about calculated risk.

 

[gopunk]

that would depend on your definition of success... if you mean low to mid six figures, not very... just go to med school or a good law school, or stuff like that. if you have higher ambitions, then it's pretty important.

 

[dullard]

No risk = little rewards (unless you are the rare person who is randomly lucky). I think that risk is vital to most people's success.

Originally posted by: gopunk
if you mean low to mid six figures, not very... just go to med school or a good law school, or stuff like that.

Um, going to college is one of the biggest risks you'll ever take in your life. It is very expensive, half don't graduate, and of those who do graduate, many don't do anything related to their degree and/or make a similar amount of money than if they didn't have the degree.

That said, many people go to college, graduate, and have a well-paying career that they couldn't otherwise have. College can give great returns on that risk.

I think CNN had an article about this "going to college is a risk" subject recently.

 

[gopunk]

Originally posted by: dullard
No risk = little rewards (unless you are the rare person who is randomly lucky). I think that risk is vital to most people's success.

Originally posted by: gopunk
if you mean low to mid six figures, not very... just go to med school or a good law school, or stuff like that.

Um, going to college is one of the biggest risks you'll ever take in your life. It is very expensive, half don't graduate, and of those who do graduate, many don't do anything related to their degree and/or make a similar amount of money than if they didn't have the degree.

That said, many people go to college, graduate, and have a well-paying career that they couldn't otherwise have. College can give great returns on that risk.

I think CNN had an article about this "going to college is a risk" subject recently.

this is going to sound harsh, but just because some people make poor decisions doesn't mean college is a risk.

 

[OS]

Originally posted by: gopunk

Originally posted by: dullard
No risk = little rewards (unless you are the rare person who is randomly lucky). I think that risk is vital to most people's success.

Originally posted by: gopunk
if you mean low to mid six figures, not very... just go to med school or a good law school, or stuff like that.

Um, going to college is one of the biggest risks you'll ever take in your life. It is very expensive, half don't graduate, and of those who do graduate, many don't do anything related to their degree and/or make a similar amount of money than if they didn't have the degree.

That said, many people go to college, graduate, and have a well-paying career that they couldn't otherwise have. College can give great returns on that risk.

I think CNN had an article about this "going to college is a risk" subject recently.

this is going to sound harsh, but just because some people make poor decisions doesn't mean college is a risk.

not everyone who goes to college with the intention of being a doc or lawyer makes it. Particularly doc, tons of people get weeded out along the way. Lawyer, only if you go to a top 15 or whatever school do you make six figs straight up.

IMO being a kid in high school and going to school to be a doc or lawyer is just as risky, if not more so, than straight up starting a small biz. Worst case you have 5 or 6 figs student debt and no degree/crappy degree, which can't be cleared by bankruptcy even.

 

[Rock Hydra]

Risk is very important.
For example, people don't win the lottery without risking losing $1 or more.

 

[gopunk]

Originally posted by: OS

Originally posted by: gopunk

Originally posted by: dullard
No risk = little rewards (unless you are the rare person who is randomly lucky). I think that risk is vital to most people's success.

Originally posted by: gopunk
if you mean low to mid six figures, not very... just go to med school or a good law school, or stuff like that.

Um, going to college is one of the biggest risks you'll ever take in your life. It is very expensive, half don't graduate, and of those who do graduate, many don't do anything related to their degree and/or make a similar amount of money than if they didn't have the degree.

That said, many people go to college, graduate, and have a well-paying career that they couldn't otherwise have. College can give great returns on that risk.

I think CNN had an article about this "going to college is a risk" subject recently.

this is going to sound harsh, but just because some people make poor decisions doesn't mean college is a risk.

not everyone who goes to college with the intention of being a doc or lawyer makes it. Particularly doc, tons of people get weeded out along the way. Lawyer, only if you go to a top 15 or whatever school do you make six figs straight up.

IMO being a kid in high school and going to school to be a doc or lawyer is just as risky, if not more so, than straight up starting a small biz. Worst case you have 5 or 6 figs student debt and no degree/crappy degree, which can't be cleared by bankruptcy even.

that's why you have realistic assessment of your progress and you have backup plans... yea not everybody makes it to med school or a good law school, but there are things you can do that will still leave you better off... for law school especially, since there are no prerequisite courses. i don't know much about med school, but i know that nearly all of my friends who still wanted to go to med school as an upperclassman are in med school now... as a sophomore, if you decide to change your route, there's plenty of time to find a rewarding field. the people that i know that are kind of screwed are the ones that were either apathetic, just plain did not think about the future in a practical way, or had some irrational faith that things would work out, despite signs pointing otherwise. there's really no good reason to end up with a crappy degree, unless intelligence is a problem.