Hello! I’m glad you’re back online, and I’m excited about your new company.
This thought came to me as I read your post—it’s the best definition of risk I’ve ever heard and a principle I try to keep in mind. I first heard it from Morgan Housel: “Risk is what you don’t see coming.”
When you’re aware of the possibility of a negative outcome, you can plan for it—financial hedging, avoiding smoking, software security, two factor authentication, and so on. The list is endless. But it’s the events you don’t see coming that hurt you the most. Just three weeks ago, the Pacific Palisades was one of the most beautiful and coveted places in America.
Thanks for the kind words, Richard! And that is such an important point. It’s the things we don’t see coming that are the largest source of risk. Would love to catch up and talk soon, will shoot you a note. Hope all is well.
Nikhil,
Hello! I’m glad you’re back online, and I’m excited about your new company.
This thought came to me as I read your post—it’s the best definition of risk I’ve ever heard and a principle I try to keep in mind. I first heard it from Morgan Housel: “Risk is what you don’t see coming.”
When you’re aware of the possibility of a negative outcome, you can plan for it—financial hedging, avoiding smoking, software security, two factor authentication, and so on. The list is endless. But it’s the events you don’t see coming that hurt you the most. Just three weeks ago, the Pacific Palisades was one of the most beautiful and coveted places in America.
Be well, and let’s talk soon.
Richard
Thanks for the kind words, Richard! And that is such an important point. It’s the things we don’t see coming that are the largest source of risk. Would love to catch up and talk soon, will shoot you a note. Hope all is well.