Luck And Risks In Financial Life (eBook)

LUCK AND RISKS IN FINANCIAL LIFE

LEARN HOW TO CALCULATE RISKS AND USE LUCK TO YOUR ADVANTAGE

ABOUT THIS BOOK

Few people realize that many of the bad consequences of their financial decisions are due to factors completely beyond their control.

Blinded by a false belief that willpower is all that is needed, people become frustrated because they do not get the results they wanted despite their best efforts, without taking into account the existence of two unavoidable forces in life that often determine our destiny: luck and risk.

Luck and risk are manifestations of the fact that every outcome in life is influenced by forces other than individual effort. They are so similar as they manifest themselves in everyday life that it can be too difficult to distinguish one from the other.

Why do these two forces interfere with our existence? For the simple undeniable fact that the world is too large and complex to allow all of our actions or decisions to determine one hundred percent of our outcomes.

You can look at it this way: although you are the protagonist of your life, you actually share the same playing field with billions of other people, each with their own agenda. Therefore, it is impossible for you to be the protagonist of the game and things cannot turn out just the way you want them to.

This is not to say that all is lost and that you should not strive to achieve the financial success of your dreams. The point is to learn to distinguish the presence of luck and risk, especially when comparing your situation with that of other successful entrepreneurs. Here you will learn how.

CONTENT

Introduction

What Is The Small Difference Between Being Bold And Being Reckless?

Is Luck An Isolated Event Or A Series Of Events?

Is Risk The Same As Bad Luck?

How Do Luck And Risk Influence Financial Success?

What Is The Relationship Between Risk And Failure?

Why Shouldn't We Imitate Some Success Stories That Were Due To Luck?

Why Is It Important To Consider That Nothing Is As Good As It Seems?

Why Should We Be Careful Who We Admire?

ABOUT SKILLBOOKS EDITORIAL

The content in this guide is based on extensive official research and comes from a variety of sources, mostly from books published by experts who have mastered each of the topics presented here and who are backed by internationally recognized careers.

Therefore, the reader will be able to acquire a large amount of knowledge from more than one reliable and specialized source. This happens because we rely only on official and endorsed media. In addition, we also collect information from different web pages, courses, biographies, and interviews, so we give the reader a broad overview of their topics of interest.

We have not only checked that the sources of knowledge are relevant, but we have also made a very careful selection of the final information that makes up this guide. With great practicality, we have compiled the most useful concepts and put them in a way that are easiest for the reader to learn.

Our ultimate goal is to simplify all the ideas that they are fully understandable and so that the reader can enjoy a pleasant, practical, and simple reading. This is why we strive to provide only the key information from each expert.

In this guide, the reader will not find redundancies or unnecessary or irrelevant content. Each chapter covers the essential and leaves out everything that could be deemed as extra or that does not add anything new to the selected concepts.

Thus, the reader will be able to enjoy a text where they will easily find specialized information that comes exclusively from experts and that has been selected with the greatest effectiveness.