It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a mispriced bet - that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time they don't. It's just that simple.
The change that I never fall into is the, 'I'm-above-you-look-at-me-do-stuff-for-me change.' The change that I'm hoping I get to is where I become wiser, smarter - where I put myself in situations that don't have a huge potential for disaster.
I learned to embrace risk, as long as it was well thought out and, in a worst-case scenario, I'd still land on my feet.
I was just a lot smarter about not getting caught. I mean, I never stuck anything in my arm, but I certainly enjoyed my youth.
Take calculated risks. That is quite different from being rash.
In order to succeed, you have to live dangerously.. as long as the danger is rationally accepted and as long as the rewards far outweigh the risk.
When I take a risk, I like it to be a calculated risk, meaning I make it as small as possible.
Often you need to take some risk, but it must be a realistic risk, you can't take a crazy risk.
