Think about the worst and best possible scenarios and promptly make the most rational, progressive decision. Assessing risks carefully helps you see where you are struggling and can guide you to make smarter decisions.
13
36 reads
CURATED FROM
10 Powerful Lessons Everyone can Learn from Warren Buffett for Business Success
lifehack.org
10 ideas
·395 reads
IDEAS CURATED BY
Stasher, Learner, Civil Engineer, Oil & Gas Professional, Green Tech Researcher.
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to manage risk
How to analyze investment opportunities
The importance of long-term planning
Related collections
Similar ideas to 4. Assess the risk involved.
Uncertainty about what will happen next is terrifying. Take time to visualize the possible outcomes of your decision. Think about the best and worst-case scenarios. You’ll feel better if you’ve already had a chance to mentally prepare for what could happen.
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