Take calculated risks in your investments from "summary" of Rich Dad's Who Took My Money? by Robert T. Kiyosaki,Sharon L. Lechter
Taking calculated risks in your investments is a key principle that can lead to financial success. In the world of investing, there are always risks involved. However, it is important to distinguish between reckless risks and calculated risks. Reckless risks are those that are taken without proper research, analysis, or understanding of the potential outcomes. On the other hand, calculated risks are those that are taken after careful consideration of the risks and rewards involved. When you take calculated risks in your investments, you are not blindly throwing your money into the market and hoping for the best. Instead, you are making informed decisions based on thorough research and analysis. This may involve studying market trends, analyzing financial statements, and assessing the potential risks and rewards of a particular in...
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