Do you dare to take the road less travelled? Or simply stick to what you’ve been doing only to find the truth a little too late?
It’s not all about guts of course, but it’s a calculated risk. The difference is in the calculation.
That’s probably why Singapore lacks an entrepreneurial spirit – we got the risk formular wrong.
Many success stories may seem like luck – being there at the right time, in the right place.
Lee Kuan Yew once said, the situation makes the people. The people does not make the situation.
I’ve come to believe if one searches hard enough for it, be it anything – love, money, fame, career – you will find it someday.
Gambatte!
April 14, 2011 at 2:33 pm
Some issues do fall under better light when viewed with an expanded time horizon and divergent circumstances.
Money cannot be the dominant factor at play in every decision. There has to be truth in “money will follow” quotes.
April 8, 2011 at 12:32 am
There’s a name for these folks who cannot afford to lose and yet have something to lose. They are called middle-class. Sometimes, they refer to themselves as “sandwich class”. 🙂
There’s nothing wrong with their formula. I think it’s perfectly rational. Consider the following:
(1) “Regular” job with $4K mortgage on condo and car loan;
(2) 95% chance of failure for a startup. How much money you will make if you succeed, you don’t really know, but there really aren’t too many Bills and Zukerbergs in these parts.
What sort of a risk formula would make you pick (2)?
April 7, 2011 at 9:50 pm
You sound like you’re having a mid-life crisis. 🙂
Everything ok?
I actually disagree with you that Singaporeans got the risk formula wrong. The problem in Singapore is that if you’re not stupid or lazy, it is easy to become quite comfortable. In this light, why should people take risks?
There are two classes of people who take risks:
(i) those who got nothing to lose;
(ii) those who CAN AFFORD to lose.
🙂
April 7, 2011 at 11:45 pm
LOL mid-life crisis? No lah just writing some random posts on what I was thinking at point-in-time.
So you mean that there’s a lot of people who cannot afford to lose, and yet have something to lose.
Well that means the risk formula is too balanced, isn’t it?