There are many things never worth risking, no matter…

There are many things never worth risking, no matter the potential gain.

— from The Flight Plan (Purpose/Wisdom/Risk) · The Psychology of Money By Morgan Housel

In the book

To accept risk is not to be reckless. There are some things that are never worth risking, no matter how large the potential gain; the whole art is to distinguish the daring that serves your destination from the gambling that betrays it. So you calculate — you honestly weigh the probability and the size of what you could lose — and you keep a margin of safety wide enough to absorb roughly twice your worst case. […] Accept the fare, and bound it. Take the risks your destination genuinely requires, asking of each whether it will give you skills and experience you'll keep, or open you to people and relationships worth having. Then protect the downside, refuse the few risks never worth taking, and leap where the fall is survivable. Fly on faith through the foggy stretches. There will be patches where you lose all sight of the destination; faith is simply continuing to believe in it through those spells of temporary amnesia. — The Flight Plan (Purpose/Wisdom/Risk)

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