noiz viol8ion

Tag: Downside

  • noiz viol8ion blog #533 – The Upside

    noiz viol8ion blog #533 – The Upside

    Imagine what will happen and how it will feel to accomplish all the goals you have.

    Now imagine what will happen and how it will feel if all your nightmares came true. It is important to cap the downside and be prepared for the worst. Know what you are running away from.

    Where are you going and where do you want to stay away?

    Once you are clear on these two things push the peddle to the metal and proceed without fear. You do not have fear because you’ve made peace with the fear. You understand the downside and can handle it. Proceed after your dreams with enthusiasm and excitement.

  • Blog #229 – Should you put all your eggs in one basket.

    Blog #229 – Should you put all your eggs in one basket.

    Diversification is a big topic among investors.

    Is it better to have all your money in one thing or to diversify across many things?

    There is no easy answer because it revolves around how risk tolerant a person is.

    Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1

    Warren Buffet

    You are not going to have many great ideas or many great opportunities so when these things come you should take advantage of them as much as you can.

    There is no such thing as a sure thing so know your downside.

  • Blog #191 – What’s the probability of that actually happening?

    Blog #191 – What’s the probability of that actually happening?

    Be optimistic about your end game but be realistic about your life.

    Optimism will drive you to achieve great things and take giant risks. Optimism will take you on great adventures and you will do things you have always wanted to do. Optimism gives you permission to have enormous goals and vision for your life. Optimism lets us see the good and the potential in people. The world would be a depressing pessimistic place without optimism.

    The downside of optimism is that it will blind you to the risks. It will cause you to take giant chances that you shouldn’t be taking. Optimism will make you take enormous loses that are hard to recover from. You have to use realism and pessimism to mitigate your risk. How likely are you to succeed? How likely are you to lose? You must be completely comfortable if either one of these situations happen. Don’t be naive to the negative.

    Knowing you are protecting your downside allows you take bigger risks. It is a fine balance you must walk because if you are always preparing for your downside then you will not take massive action for a huge upside.