Why Risk is Integral Part of Invention, Growth and Wealth

By: Chris at www.CapitalistExploits.at

"The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing. He may avoid suffering and sorrow, but he simply cannot learn and feel and change..."

Leo Buscaglia nailed it with the quote above. Ask any friends, colleagues or contacts you know who've enjoyed success about risk. If they're anything like me or my group of friends, they'll tell you that regretting risks NOT taken is higher on their list than regretting risks taken.

This is the polar opposite to what we hear from the mainstream. It seems we bipeds hate pain so much that we've allowed the bureaucrats to develop encyclopedic volumes of laws "protecting" us from it. Entire industries have been built around providing said protection.

Everywhere you look we're being told to "watch out," to "be careful," to be fearful. Risk is everywhere!

Terrorists with dark beards and funny accents lurk on street corners. Pedophiles, while stroking their mustaches, snickering to one another, peer through dark sunglasses at our kids in shopping malls, just waiting for Billy to stray. Billboards on freeways tell us to slow down or die in a bloody pool of mutilated meat. Children are warned by teachers against climbing trees, parents won't let their kids out in the sun between the hours of 10 AM and 2 PM (really?), and news channels terrorize us about Ebola.

We've become a society of wimps. I discussed previously how humans love stability, but that stability is largely a myth. Stability is the opposite of risk. Risk involves the unknown while stability involves the known.

Fortunately for us all there are groups of people who are driving forward with innovation, purpose, creating, building, living and breathing... they are called entrepreneurs. Try to scare them with real and imaginary risks? You may as well be trying to teach a lamp post how to code HTML... and thank the heavens for that.


Risk taking is required. That's a fact. We need it like we need air, food and water. Without it we'd all still be enjoying each others company sitting huddled in caves in Africa somewhere. Some of the world's most amazing, life-enhancing inventions would simply not exist: air travel, plumbing, the internal combustion engine, electricity, the microchip, quantum physics, vaccines, the string bikini... None of it.

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