1. Luck and Risk - Deepstash
1. Luck and Risk

1. Luck and Risk

The author emphasizes that luck and risk are two sides of the same coin and that nothing is as good or bad as it seems. The author suggests that we should account for luck and the potential lack of luck in our investments

5

7 reads

The idea is part of this collection:

Managing Email Effectively

Learn more about books with this collection

How to avoid email overload

How to organize your inbox

How to write effective emails

Related collections

Similar ideas to 1. Luck and Risk

Luck & Risk

Luck & Risk

Nothing is as good or as bad as it seems. Every outcome in life is guided by forces other than individual effort. Bill Gates had a competitive advantage over millions of other students because he attended one of the only high schools in the world that had the cash and foresig...

Luck And Chance

Like the flip of a coin coming up with heads or tails, chance is what happens out there, and is an aspect of the physical universe. Luck, on the other hand, is a perceived value of the ‘chance’ outcome.

It is our subjective reality of a good or bad fortune, impose...

Risk and preparation

Risk is more than something bad happening. How risky something is, depends on whether you're prepared for it. A small thing out of the blue can be deadly.

We should also remember this when thinking about the economy and our investments.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates