Risk is what remains after you've thought of everything, and most people incorrectly believe they can probabilistically predict specific outcomes like a 5% chance of failure; however, true risk cannot be accurately predicted because life rarely operates on neat percentages, making it essential to focus on running small experiments and reacting to actual results rather than trying to predict outcomes.
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Why you can't predict the biggest risks in life.Added:
Okay?
Risk is what's left over after you think you've thought of everything.
Now, here's the problem with risk, okay?
Most people think they can predict the risks.
You can probabilistically exactly say this will be 5% chance that this business won't work, or 5% chance that this career move won't work.
But, like how how do you know?
Like, a good example when people DM me on on Instagram and say, "Should I join this college or this college?"
Okay? And sometimes they reply,
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