If you think about it, every decision we make in life is about Risk-Reward with a focus on getting the Outcomes we want on balance of probabilities and timing the execution to perfection.
Your share/financial decisions.
Your career decisions.
Your health decisions.
It is when we do not weigh the probability of outcomes against risks appropriately and calibrate accordingly, that we could end up making suboptimal decisions. Increasing our Risks without getting our desired Outcomes.
Emotions usually gets in the way of making the right balance.
