How does ‘Risk’ hit us?
Michael Schumacher – 7 time Formula1 champion & probably the greatest in the sport is still recovering from an accident which happened 3 years ago. He is now as good as a vegetable; maybe in a condition termed ‘medical coma’ ?. Hold on, he did not get injured while driving the F1 car. He got into an accident while ‘Skiing’ with his family ?. Isn’t it an irony; we all perceived that, he had a very high ‘Risk’ of getting injured during a race ?.
But, ‘Risk’ hit him very hard from a direction no one could ever imagine. ‘THIS IS CALLED RISK’. It hits one from an unprepared, unplanned & unimagined – time, place & degree.
So, what can we do? Definitely, ‘Be Prepared’ (financially or otherwise) for all Risks we can possibly think of. Accept the ‘Reality of (Money) Life’….It can only do ‘so much’.
Leave probabilities to statisticians. They are too good at #s, but are also as bad as a Weatherman in predicting the possible ‘direction of risk’.
Be Prepared. Accept Reality.