People often have a poor understanding of risk, especially early in their careers. They tend to underestimate the risks they should take and overestimate the risks of failure. Being young and unknown is actually a great opportunity to take risks without significant consequences.

Not taking bold risks is itself a risk; many people prefer incremental value, but true innovation often requires letting go of past successes.

When making choices, people often pay more attention to potential losses than to potential gains, which can lead to loss aversion and impact their decision-making.

Many people tend to seek advice that confirms their existing beliefs, which can lead to poor decision-making regarding their careers.

When you're young and have nothing to lose, it's absolutely the time to take risks; unfortunately, most people become risk-averse at that stage.

Both extreme optimism and extreme pessimism converge on laziness, leading to inaction. Moderate optimism is the correct approach to take.

To minimize risks, focus on taking intelligent risks that can lead to multiple positive outcomes if successful.

The biggest risk you can take in a rapidly changing world is not taking any risks at all, as stagnation guarantees failure in the long run.

In venture capital, the leaders of firms often push for taking more risks, as the potential for high returns outweighs the risks of failure.