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.
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor
This is funny because I never had the oppurtunity to put my numbers into words…again, I find the post really entertaining…
On Chance….
Suppose Life is really about taking a risk…Would it make sense if you just took a gamble in everything? Under the clasue, If you want more you risk more, If want relatively less you risk less….Basic salary is 500 pesos a day, if you go to work and do your job that a guaranttee….but as with realistic risk involve, there is a slight chance of it not happening, SAY your work place got on fire or the market got suddenly bankrupt. A minute chance to fail….let’s assume a 0.0001% chance….one in a million…Gambling, let’s say in baccarat, they offer you a 50% chance of winning…
“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. ”
So taking that into account, why would I work if I can gamble my way out of life? If a would risk 500 pesos a day to gain more that 500 pessos a day in gambling why would I risk eight hours a day of work?
In that sense, if I was a 0.00000001 dude, I have virtually have nothing to lose when I apporach N-girl….N being any number form 1 - 10…..So, If I get lucky I can level-up as much as a 10 dude just because I got lucky….and because there more than a billion girls out there STATISTICS would be defintely on my side.
hahahaha
nice post dar.
bakit ganun di nakikita ung reply ko GG..
I really wonder why 9.1 gal would dump a 10 dude. She was given someone higher rating than she could expect, dont you think?
Louis, there are things that I do not want to disclose here
Just ask me personally on this matter because it’s part of the trade secret.
Oh I believe something recent just happened…
Probably in a bar? Ascend? hmmm.. hahaha…
Or is this just another subtopic of social dynamics.
All I can say is… There is risk in everything…
It’s managing and dealing with the risk that’s a challenge. =)
Naw, this one’s off experience. It’s just something I thought of while trying to assess the behavior of people… Not only in their interaction with other people, but in other aspects such as business and politics as well.
Yeah, it’s how we deal with risks that matters.
yo statement so imba? hahahah
High Risk=Extremes
Low Risk=Weaklings
bohahahaha