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The Worldly Wisdom of Charlie Munger

Charlie Munger

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Reducing the risk of the Unfulfilled Life

Vishal Khandelwal · Oct 27, 2015 · Leave a Comment

Being an entrepreneur is not about taking risk, it’s about eliminating all risks. 

However, most of us have a distorted notion about risk.

A steady pay cheque isn’t necessarily risk free. It could prove to be the most risky option for your long term future. 

Just like a steady return from a back fixed deposit looks safe but the moment you take the inflation into account, the safe deposit becomes a sure shot way to lose money over long term.

So risk doesn’t mean absence of volatility. 

Working on something, even for few hours a week, that you love, that you find meaningful is the first step toward reducing the risk of ending up with an unfulfilled life.

Life

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