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Avoid Taking A Big Hit
The purpose of protecting the downside is to prevent losing everything. You shouldn't put all your life energy into a single thing. This is true for your personal life too.
256
605 reads
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Investing Decisions
Invest in something that has an underlying value.
Limit your potential losses by diversifying. For instance, invest in an index fund, real estate, and business.
201
741 reads
Richard Branson
“It is only by being bold that you get anywhere. If you are a risk-taker, then the art is to protect the downside.”
228
720 reads
Business Decisions
If you're in business, consider serving more than one group of customers, or focus on more than one industry.
When sales don't perform well in one area, you always have another option.
243
1.5K reads
Make old Moves
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.
259
591 reads
Career Decisions
Your most valuable resource is time. Yet, most spend their time working on other people's goals.
Use your time wisely by daily improving your skills, learning new things and building relationships. Then you will always have something to fall back on.
398
1.16K reads
We Are Put Off By Fear
We always think about the risks involved in making a big chance in life. We consider the risks and then decide not to do it. But, the risks shouldn't scare us into inaction.
327
994 reads
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Adapting to our circumstances
Whether you’re currently winning or losing in life — you will quickly adapt to your circumstances. The brain needs novelty to thrive, otherwise, it quickly becomes stale.
The worst thing you can do is to focus most of your energy and thought on maintaining your current position or pr...
"Will taking this on serve my mission?"
What's your purpose and mission? While not every single thing you take on must flow into your mission, the vast majority of your work portfolio should all complement or support that cause.
Asking "What's the point?" brings you back to what the completion of that work serve...
Seeing a task as one big project
Almost everything we do can be broken down into little manageable parts.
Take, for instance, the laundry. If the laundry seems like a daunting task to you, break it down into steps. Collect all your dirty clothes. Separate colors and whites. Put your clothes on a wash...
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