If you want to take a risk, you have to make peace with the volatility that comes with it. Riskier bets have more volatility with bigger highs and bigger lows.
Safer bets stay flatter, and the returns stay flatter too.
This holds for all kinds of bets – from bets on investments to careers to relationships. There’s no guarantee high risk pays off, but, at the same time, it’s typically the only way to give yourself a shot at a high return.
And that road isn’t for the faint of heart.
When you pick up one end of the stick, you pick up the other too.
