Taking calculated risks is essential for success. Branson advises trusting one's instincts and being prepared for failure, as it is part of growth. Keeping promises and maintaining integrity are critical in both personal and professional life.
Being bold is different from being a gambler. While it is necessary to take risks in life. You must calculate risks before taking them. It is better to be safe than sorry, and all or nothing odds may demonstrate your foolishness. In most businesses, success depends on knowing what to go for and what to ignore.
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Richard Branson is a British billionaire, entrepreneur, and founder of the Virgin Group, encompassing more than 400 companies, from airlines to hotels and television.
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Good investing is not about making good decisions. It’s about consistently not screwing up. There are a million ways to get wealthy. The only way to stay wealthy is some combination of frugality and paranoia.
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