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Episode 199: A Game of Risk

Words & Numbers

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The Importance of Risk in Business

When you're 16 to 24, how much do you really have? The answer is almost nothing. Risk is quite irrelevant if you've got nothing to lose. I'm convinced this is why we see people get into car accidents and who turn out to be well underinsured. They say what's the lowest insurance level I can get to and get a car on the road. And I'll just pay that at my age. Now when I'm a businessman after a fashion, there is a lot to lose here.

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