The world's greatest get rich bible

Chapter 33 Grasp the Opportunity and Get the Chips to Win the Deal 1
Volume 3 Chapter 1 Seize the Opportunity and Get the Chips to Win the Deal [-]

Follow the "risk" to find wealth

When the opportunity comes, those who dare not take risks are always mediocre.

--"Talmud"

There are two possibilities of success and failure in any one thing.When the possibility of failure is high, but to do it, it naturally becomes a risk.The problem is that it is difficult to distinguish the possibility of success or failure in many things, so this time is also a risk.The law of business warfare is that the bigger the selection, the more money you will make.Most Jewish businessmen have an optimistic sense of winnowing, and can often earn wealth as a result.

In the thinking of the Jews, every adventure contains the same amount of seeds of success, so they often move freely in the stormy waves of risks, playing one risky game after another.

For a long time, a Jewish businessman is not only doing business, but also "managing risks", even his survival itself needs a strong sense of "risk management".Therefore, when a crisis comes, they can always accurately grasp the onset and size of the crisis.Once this skill related to survival is formed, it can be used with ease in the business field.In many cases, Jewish businessmen made their fortunes by accurately grasping this "risk" opportunity.

Around 1600 AD, the ancestors of the Morgan family migrated from England to America. When Joseph Morgan sold his farm in Massachusetts, he settled down in Hartford.

Joseph first made a living running a small coffee shop while also selling travel baskets.After working in this way for some time, he gradually made some money, built a large hotel of great style, bought shares in the canal, and became a shareholder in the steamboat industry and the local railroad.

In 1835, Joseph invested in a small insurance company called "Itna Fire".The so-called investment does not require cash. The credit of the investor is a kind of capital, as long as the name is signed on the register of shareholders.After the investor signs the promissory note, he can collect the handling fee paid by the policyholder.As long as there is no fire, this business without capital will be profitable without loss.

Soon, however, a major fire broke out in New York.Investors gathered in Joseph's hotel, all pale and anxious like ants on a hot pot.Obviously, many investors have not experienced such an event.They panicked and were willing to voluntarily give up their stake.

Joseph bought all their shares.He said: "In order to pay off the insurance fee. I am willing to sell this hotel, but there is a condition that the handling fee must be greatly increased in the future."

This is really a gamble, success or failure, all in one fell swoop.

Another friend also wanted to take the risk with Joseph.So, the two pooled $10 and sent an agent to New York to deal with the compensation. As a result, the agent brought back a large sum of cash when he returned from New York.These cash are newly insured customers paying double the original handling fee.At the same time, the reputation of the "trustworthy Itna Fire Insurance" was rising in New York.After the fire, Joseph netted $15.

This example tells us that being able to grasp the critical moment can usually turn a crisis into an opportunity to make a lot of money.Taking risks is God's highest reward for warriors, and those who dare not take risks will not be blessed to accept the wealth that God bestows on people.

If any enterprise wants to grow bigger, the risks it faces are long-term, huge and complex.The process of an enterprise from small to large is a process of fighting wits and courage, a process of coexistence of risks and opportunities, and it is possible to hit the rocks and sink the ship at any time.In the process of enterprise development, many difficulties and risks are often encountered, such as financial risks, personnel risks, decision-making risks, policy risks, and innovation risks.To be successful, you must have the courage to "get in touch with risk".If you don't take risks, you will never succeed.

In fact, many things are risky before they are actually completed. There will often be waves of ups and downs, and there will often be times when seemingly calm, but internal crises are hidden. so it is.But once you have the courage to start and overcome those difficulties, you will have unexpected gains in the end.Behind those seemingly elusive risks, there are often huge wealth hidden!

(End of this chapter)