The Three Sides of Risk
This article is a part of my Best Reads of the Month section on my website www.mikegorlon.com. Each month I pick one or two articles or blog posts that I find on the internet which I thought were really insightful, interesting or moving. Then I share them with you. You can view the previous month’s articles by going to: https://www.mikegorlon.com/best-reads-of-the-month
May 2020: The Three Sides of Risk
Morgan Housel has mentioned before how our life experiences can have a strong effect on the amount of risks we take in our lives but in this great article Morgan shares a personal example of his own.
The story was very well written and suspenseful as it had my eyes glued the whole time. In the end, we learn the 3 sides of risk which are:
1. The odds you will get hit.
2. The average consequences of getting hit.
3. The tail-end consequences of getting hit.
And after reading this we can’t help but reflect on our own personal experiences and how those have affected our own risk tolerance.
