The reason I’d call this a skill is because you could screw it up on purpose—-it’s not random.
To achieve this outcome you need to know of your values, be aware of your current emotional state (and the outside factors influencing it), and have the techniques to exert more control over your internal state than the outside factors are seeking to exert.
To me, it’s like driving a van in very windy conditions. The skill is to not get blown off the road.
Thanks again.
One of the things I've learned over the years is that advice must be tailored to the individual to be useful, and I don't know anything about you.
Feel free to reach me at [email protected].
Love that analogy!
I’ll save you the philosophy about missed gains, but instead ask—what if your “sure things” were only 99% probable? They’d be at least somewhat risky, no?
Would you still do them? And, for the things you have done, how can you be certain of the outcome, any outcome, beyond that level of confidence?
Maybe for someone as risk averse as you, #2 is beyond the point of diminishing returns. But for anyone who doesn’t fit that bill, I’d say #2 is critical.
2, risk management skills can be learned. Risk taking though, I've always regarded as a question of temperament. I'm personally close to zero risk affinity and don't feel an emotion (yes not reason) to take any financial risk, at all (other risk, too, really). To the contrary, mind and body squirm at the thought.
3, this seems unnecessarily tied to "winning". What if I really don't care about winning? Also, if this is really a skill, what is it called? How does progression look like?