SHOW / EPISODE

Should You Take Risks to Make Money? | Lessons from Losing $$$ Thousands Starting a Business and Penny Stocks | Carl Richards

19m | Mar 27, 2022

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From losing thousands of dollars on weed stocks and the food service business, to what we're taking risks in now. We take lessons from Carl Richards, a financial planner, and draw inspiration from Elon Musk, when he saved Tesla and SpaceX from bankruptcy.

Chapters:

00:00 - “Risk is what is left over when you think you thought of everything.” - Carl Richards

01:15 - Losing $$$ on penny stocks and food service business

05:35 - Using hindsight for foresight

07:40 - Taking ownership

10:20 - RISK Formula: You Think + You Thought = Risk

12:10 - Double-sided coin of risk

13:25 - "Emotion kills the person, logic buries the body."


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