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Self-awareness: Your Intelligent risk IQ and Your business in the market

Discussion in 'Shares' started by wdongli, 14th Dec, 2010.

  1. wdongli

    wdongli Well-Known Member

    Joined:
    31st Mar, 2010
    Posts:
    1,292
    Location:
    Perth
    Opportunities are hidden in the right risks. We need to do intelligent risk management for our survival and thriving in the market. But how? It is simple that you have to know yourself and be self-aware first which is the base you could depend on to find the right risks. Have you tried to find what your intelligent risk IQ and where you business should go toward to internally? Some questions as brain storms are necessary:

    Are we
    a. lacking the capability
    b. somewhat capable
    c. fairly capable
    d. quite capable
    e. highly capable​

    A lot of us choose to be passive not because we don't have the time to play in the market but try to find excuses to be lazy and avoid the pains to update our mind. We put money into the index fund just because we heard that someone said we need to be investors by buying and holding. Index funds may be able to follow the economy long term trend but the cycles of economies have its own risks at macro level. We have to know enough something and then we could take the right risks.

    Put what I learned and thought into wdongli - Member Blogs about self-improve to get higher and higher intelligent risk IQ. The intelligent risk business needs the shared understanding of our enterprises' current capabilities as we have to know our own capabilities when we play in the market by our own. You need the capabilities to let all get the common views if you are to turn the market playing as a good enough business to use extra human resources more than yourself internally or externally