Life is all about risks. Inasmuch as life is also all about waiting, choices, and the like, risks are part of our daily routine which comes along with our choices.

Risks give rise to opportunities, and applying the basic principle of business and economics:

More risk = More gain

Less risk = Less gain

Elementary.

Let’s say you invest 1 million to put up a small supermarket or you invest 10 thousand pesos for a sari sari store. Enough said.

However, the most we can do about risks is to try and be precise in predicting the statistical potentialities because we can never create accurate calculations of risk. Perhaps it would be safe to say that there will forever be at least a 1% margin of error, or else, it would be stupid and erroneous to call something a “risk” when there’s a 100% chance of predicting it.

Moving from the numerical aspect, what’s even more interesting is that it applies not just in the usual economic flow but to life itself. For every choice we make, we choose one risk from another. Choosing to wake up early is a risk in as much as choosing which woman to pursue is.

Let’s say a 10dude is in a bar and he sees a 7.5gal to his left and a 9gal to his right. Basing it on mere common sense, we all know he likes the 9 better. So why would that kind of a situation put someone in a dilemma? It would all boil down to the chance of getting dumped. Realistically speaking, 7.5gals have the most chances of entertaining an 8 to 10dude and a 9 to 10gals are most likely to dump men even if the gal is a 9 and the dude is a 10. It would then be wiser for him to choose 7.5 if he is risk-averse, but that would mean a smaller gain. If he chooses 9, he’d have more satisfaction if all goes well, but it exposes him to a bigger chance of getting dumped as well.

These however can not be taken into account by other people. They think that it’s enough to go right in a situation without assessment “barbaro style” but despite my clain of subscribing to the utilization of the same, I, for a fact, try to consider as much possibilities as I can.

Risks are here to stay, we just have to be aware of how high or low the chances are based on our own disposition towards observation. The risks are present in everyone’s lives, what turns the playing field around is one’s own capacity to recognize and interpret this “game of chance”.

Try to assess your next move.