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Friday, 08/12/2016 11:35:28 AM

Friday, August 12, 2016 11:35:28 AM

Post# of 104529
As we are talking about risk...

I am re-posting this personal viewpoint from March 2014 for the newbies, and as a reminder to the oldies.

Perhaps you, the reader, will find it an entertaining distraction from and help ease the forum's negativity of late.



My late father-in-law, a small-scale but successful lifelong farmer, was an uneducated man (6th grade).
Yet the longer I was in his family, the more I came to recognize that he was very worldly wise.
One hot afternoon, long after he had retired and moved to town and shortly before he passed, we were sitting on his front porch. I asked him what he would have done differently in his life and career.

He said: "I was a child of the Depression, and I was taught by my folks to live by the saying 'He's stepping on a dollar while reaching for a five'. And while I have seen some go bust because of too much ambition, I had several opportunities myself over the years to buy more land and expand my operation that I passed up.
Looking back, I could have had have much more success if I had not been so timid."

When I think him on his front porch that summer day, and of that insight about his life he shared with me, it prods me to be a bit more adventuresome.

Now that I am fast approaching retirement age, and have had time through the years to amass observations of myself and others, I have found there is a fine line, and yet a big difference, between taking risks and being reckless.
Taking a calculated risk is how we prosper. Enthusiastically jumping into a situation without careful consideration of outcomes can be very damaging, but plodding along in safety is almost never the path to riches.

SO... Following his advice is what I have done here with QTMM. I will not be destitute if this fails, but certainly worse off. But intellectually, I see this as an opportunity that is seldom matched in terms of both probability and potential gain.

AND I am much reassured by your posts that contain information such as this quote from your link:

"research that suggests that the quantum dots market is expected to grow to $3.4 billion by 2020, at a CAGR of 71% from 2014 to 2020."

How can we miss?

Blessings to us all,

SA John

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