On risk
Media praises entrepreneurs as people who pulled it off in spite of all the odds against them. Surely, entrepreneurs are risk takers, right? If there is a 90+% chance that you lose your earnings, reputation, career opportunities, possibly even your family, you must be a lunatic to do it, right? It depends. If entrepreneur is motivated by some external reward (money, career, status, fame) then yes, he has to be an [...]