The Concept of Risk

The Concept of Risk | Mendy Lipsker

{3:48 minutes to read} Today, we are talking about the concept of risk. Risk can be divided into 2 general concepts; one is gambling, and one is a calculated risk.

The word gamble means “take risky action in the hope of a desired result.” It is like a higher level of risk. When you’re gambling, you’re going purely on instinct, which is why you never hear the term “calculated gambling.”

Click here to read Mendy Lipsker's full article....