Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.
Robert KiyosakiRead
Investing isn’t risky; not being in control is risky.
Interpretation
Investing is not inherently dangerous; rather, a lack of control over one's investments is what poses a risk.
Robert Kiyosaki's quote emphasizes the importance of taking control of one's financial decisions through investing. It suggests that while investing may seem risky, the real danger lies in avoiding investment altogether and relinquishing control over one's financial future, thereby exposing oneself to greater uncertainties.
In practice
In a financial seminar discussing personal investment strategies.
Starting a business is like jumping out of an airplane without a parachute. In mid air, the entrepreneur begins building a parachute and hopes it opens before hitting the ground.
If you realize that you're the problem, then you can change yourself, learn something and grow wiser. Don't blame other people for your problems.
In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don't make mistakes.
If you want a solid future, you need to create it. You can take charge of your future only when you take control of your income source. You need your own business.
Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.
It's easier to stand on the sidelines, criticize, and say why you shouldn't do something. The sidelines are crowded. Get in the game.
Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.
Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.
When the market is just going up, up, and up, we all tend to be blind to the holes in the market. They're all papered over by the rise.
Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
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