Dear Purpleturtle,
I thank-you for your advice. I can tell it is heartfelt and well intentioned.
Rest assured, I have made a carrier out of managing risk/reward and I am not about to go off the deep end and take undue risks. I am sorry if I worried you in any way.
My approach/strategy is too involved for a discussion in this forum, but so you don’t leave empty handed, and to give you some confidence I am not going to go down a slippery slope, allow me to share this with you, for what its worth:
I find so many leaders will discuss how they weighed the risks and rewards of a particular situation, looked at the probabilities, and decided the rewards outweighed the risk so ““marched on”. This is only half the story, and although this approach may work in a one-off situation, it will definitely catch up to you (where the risk you feared actually plays out) if you are someone who has to take many risks one after the other. In this situation you better have provided for the possibility that the risk you feared is the actual outcome. I am often surprised at how many times this is not the case; The analysis was performed, probabilities assigned, and the decision to forge ahead was done with no consideration given to what if the risk prevailed.
Just food for thought and to try and reassure you I will not do anything crazy
Hope that helps,
Peter