Posted 08 May 2012 — by Charles Martineau
Category Books, Risks
I am currently reading the great book Against the Gods by Peter Bernstein and we learn a lot about John Maynard Keynes and its view on risk. Like Karl Popper, Keynes believes that we have a very limited knowledge. So much that there is no scientific basis on which to form any calculable probability. In the words of Bernstein “Keynes’s words bring great new: we are not prisoners of an inevitable future. Uncertainty makes us free.”
Couldn’t agree more! Imagine if life was certain… how boring would that be!
Posted 29 Dec 2011 — by Charles Martineau
Many say that Japan’s struggling economy of the last 20 years is result of the poor entrepreneurial risk-taking. We know that avoiding risk is something that is culturally embedded. It is known that when you fail once as an entrepreneur you will be known as a failure for the rest of your life. Quite hard to get the motivation to take risk right?
I am currently on my third to Japan (a place that I now call my second home) and every time I question how this economy can get back on its feet again. We can always push the people to take more entrepreneurial risk but we must recognize something… that country lives in an environment where dangers and risks surrounds them day in and day out: tsunamis, everyday earthquakes, the crazy North Koreans, typhoons, volcanos that can erupt at any moment, and now nuclear risks. Maybe, culturally, the individuals are fed up on taking more risks — they have plenty to cope with already!