Take calculated risks to achieve success from "summary" of Extreme Ownership by Instaread
To achieve success, one must be willing to take risks. But not just any risks - calculated risks. These are risks that have been carefully thought out and planned, based on a thorough assessment of the potential outcomes and their probabilities. In other words, taking calculated risks involves weighing the potential rewards against the potential costs, and making an informed decision based on that analysis. When it comes to taking risks, there are two main factors to consider: the level of risk and the level of uncertainty. Risk refers to the probability of a particular outcome occurring, while uncertainty refers to the lack of information or predictability about the future. By taking calculated risks, individuals can mitigate the impact of uncertainty while maximizing the potential rewards. In the context of achieving success, taking calculated risks is essential because it allows individuals to push beyond their comfort zones and reach new heights. Without taking risks, there can be no growth or progress. It is only by stepping outside of one's familiar surroundings and taking a chance on something new that true success can be achieved. However, it is important to note that taking calculated risks does not mean being reckless or irresponsible. It means being strategic and thoughtful in one's approach, and being prepared for all possible outcomes. By carefully considering the potential risks and rewards of a particular course of action, individuals can increase their chances of success while minimizing the likelihood of failure.- Taking calculated risks is a necessary component of achieving success. By carefully weighing the potential rewards against the potential costs, individuals can make informed decisions that will propel them towards their goals. It is through taking risks that individuals can break free from their limitations and seize new opportunities for growth and advancement.
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