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There is a non-zero probability of you winning the lottery, why don't you spend all your money on lottery tickets? Realistically assessing risk is necessary for
by username90 6y ago
There is a non-zero probability of you winning the lottery, why don't you spend all your money on lottery tickets? Realistically assessing risk is necessary for success, being over-confident in your odds will just waste money or time.
This means don't be over confident, but also don't be under confident.
- closeparen 6y agoThe odds on starting a business are pretty bad. You kind of have to ignore them, or else have some reason you think they don’t apply to you.
- username90 6y agoYou shouldn't ignore them. If the odds are bad and you only do it for the money then don't start a business, you'll just make yourself unhappy. Start a business because that is what you want to do, then the odds doesn't really matter because you aren't doing it for the money. Or because you have a good reason believing that your case is special. But absolutely don't believe your chances are great for no reason as the self-esteem enthusiasts would tell you. I see countless people wasting their life away chasing ideas just because their self esteem is way too high. Don't do that.