Am I a Fool, or a Coward? I heard this quote recently that really got me thinking…
“Only a fool doesn’t think about the downside, but it’s a coward that lets that stop him from doing what he knows he needs to do…”
I thought about it because I don’t know really whether it’s my accountant’s mind or if I was born with this inherent sort of pessimism but…
I always look at the downside
I always look at what could be lost
I always look at how could this go wrong
I always look at how could I lose
I always look at what would be the worst thing
I always think about what would be the downside
It wasn’t really until that quote where I became aware that it’s important to look at the downside
And that’s kept me safe.
There’s another quote that I heard once…
“Don’t lose money”
Because I always think of the downside I’m not ruthlessly optimistic.
I think things can fail, I know things can fail.
I know things can go wrong, I know things will go wrong.
What I realized in that quote is that sometimes I let that thinking from letting me take a big risk or take a big chance.
It keeps me from committing because I could lose by taking the next step.
I feel this sense of it could not work, I could end up in trouble, I could lose, I could make a mistake.
It’s a balance of…
Am I a fool for not looking at the downside and being ruthlessly optimistic? Or…
Am I a coward for just looking at what I could lose and not ever taking any risk?
One of the biggest things I’ve learned from doing pretty well in business is that there is a right time for everything.
When I think about this quote of “are you a fool or are you a coward,” I think sometimes being on the side of where you look at the downside is important.
These people are so worried about losing that they miss out on all the gains, but…
There is so much more to gain in life than there is to lose, but at the same time you want to keep that side of looking at the downside.
This quote reminded me to look at both sides and in some situations take one, and in some situations take the other.
It’s not like being optimistic is a good thing but it’s not like being pessimistic is a good thing.
Both are good and both are bad given the circumstances.
I hope you guys are doing well out there, keep crushing it!
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