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To me this is a cycle. One of the traits that defines "Macho" is being a risk taker. People who take risks are usually more successful than those who don't.
by SamAtt 17y ago
To me this is a cycle. One of the traits that defines "Macho" is being a risk taker. People who take risks are usually more successful than those who don't. Especially in the "Great Risk, Great Reward" world of getting financed. The problem with this recession was that these risk takers became increasingly bold until they got to the point where they were taking foolish risks. And with that it all came tumbiling down.
But everything will recover eventually and when it does those same people who bankrolled the risk takers in the first place will again be looking for ways to beat the market. Which will again mean investing is those who take risks. If you need proof of that ask yourself this question
"how long did it take after the 90s dot.com bust for investors to start pouring money into web startups again?"
As long as there are rich people not satisfied with a standard market return there will be risk takers and as long as there are risk takers there will be "Macho" men.
(and Women. I'm man enough to say I know a few women who could kick my @$$)
- jerf 17y ago"People who take risks are usually more successful than those who don't." The set of people who take risks will contain most of the total successes, but it will contain most abject failures, too. The set of people that don't take risks get a more mediocre result, on average.
- msluyter 17y agoPeople who take risks are usually more successful than those who don't. Or, rather, we tend not to hear about or remember the failures...
- po 17y agoAKA, Survivorship Bias: http://en.wikipedia.org/wiki/Survivorship_bias http://en.wikipedia.org/wiki/Survivorship_bias