Four reasons taking risks are necessary
Recently, I read about an economic theory called Greater Fool Theory . The theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants . In other words, when something has a value there may be other people who believe it has a greater value and choose to pay the greater price. These people are called Greater Fools . There are many uses and examples, of this theory, in the economic arena; but my mind drifts to examples outside of economics. America’s Founding Fathers, believed in a greater value for a nation free from British rule so they chose to pay a high price for it. Human rights leaders, believed in a greater value for the equality/equity of human-kind so they chose to pay a high price for it. Inventors and innovators have always believed in a greater value for their ideas so they have been willing to pay a high price for it. So many people have chosen to be Greater...