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Except the author is missing the point that taking bigger, braver risks (in a global sense) isn't so risky (in a local sense) when your circumstances provide a
by acconrad 11y ago
Except the author is missing the point that taking bigger, braver risks (in a global sense) isn't so risky (in a local sense) when your circumstances provide a much deeper cushion.
Bill Gates had a $1mm trust fund in case Microsoft didn't work out.
Warren Buffett already had millions under management before he purchased GEICO.
Richard Branson's grandfather was the English equivalent of a high-ranking Circuit Court Justice.
In other words, all 3 had very soft landings to fall to in the event of a total meltdown of their "risky" endeavors.
- sjg007 11y agoI think what he is saying is that the "smart" and "successful" folks take risks. Now it might be less risky to them because of a safety net but that doesn't preclude others from also taking risks.