Richard Branson

You can't achieve anything if you lock yourself up in your home. To live life to the fullest, you need to make bold moves. And this doesn't necessarily imply risk-taking.

Try to limit your potential losses. Protect the downside.

True humility allows you to plot Point A and accept that risk and failure are part of moving to Point B.

• On the other hand, pride allows us to say we are beginners, but not to accept the process of learning that involves risk and failure. 
• Then pride tries to protect our ego by...

Spreading your money among several categories of stocks is another way to minimize downside risk.

Slow growers are low-risk, low-gain because they’re not expected to do much and the stocks are usually priced accordingly. Stalwarts are low-risk, moderate gain.

 Asset plays are low-risk...