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J. Paul Getty seemed incredibly happy, but it was fortunate that developed in many ways. Instead of continuing a career well structured --- --- that the U.S. diplomatic services has made a detour to the rich oil fields of Oklahoma.
We had the difficult task of raising funds, he has to work and loans. She cared for her care funds to spend on them. First, he proposed a series of dry wells, but speculation has paid for him.This last speculation was a calculated risk. Yes, he was happy, but did his best to win the chance to know that
A salient feature of his "luck" was his determination. After reviewing the geological data, has decided to respond to them. The data gave him the opportunity to succeed, but does not guarantee anything. He could have continued to investigate, to negotiate a referral.
But in his words, he would not like one of those government commissions, the fear ismake a decision. They hold hearings to gather facts, stew and confusion and be very, very busy for months. After a while, 'I know it's just a farce. The appearance of the application is only a facade to hide the inertia. "
If you take the possibility of defeat is a risk, you risk the loss, but if you can play the game is never won. Play to win means willing to lose. Actually lost J. Paul Getty, before winning. However, allowing the management of money to continue in spite of its losses.And why could only slight losses, he kept enough resources to stay in the game.
successful investors on Wall Street advise investors never play with their new grocery money, because it has a double effect: one which endangers their health, two, are nervous when they invest, and this clouds their judgments.
In your life, you can use the following checklist to be a "happy" and a rich man.
1. Here are some areas that needs investmentTime, money, energy and skill.
2. Calculate the risks.
3. Estimate the benefits.
4. Find the time to raise energy, use money and learn skills.
5. Manage your resources, so that only the risks to prices.
Above all, remember that profit often entails risks, but the risk does not mean that the game of chance. When you play, you do not evaluate a lot of information and use all the resources. If you take the risk, check all available information andcommits only what you can afford to lose.
Dr. Abraham Weinberg, a prominent psychiatrist who once observed that people tend passive "to leave that life to make it happen instead of using his opportunities in a manner alleged. Often they are also afraid of change are also changes of risk. They say himself: "I'm afraid to go in this new situation," although the situation is not objectively terror presents its news. Instead of examining the situation and find what the risks actuallyare simply dropped the words: "No, it's a gamble too." It is a gamble at all. You are just an excuse to stay in some familiar territory. "
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