Rich people love to take a risk because they have the money to do it. For instance, if I lose $100 now, I may be sad but to rich people $100 is like nothing to them. They are risking their money out of the abundant that they have.
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The people that are extremely rich are after engaging in hig yield investment programs because they know that they are going to get the best out of it and I think one of the reasons behind this is that they have enough money to take high risk.
The simple and true answer to this question is "the higher the risk, the greater the profit or reward". This is the reason for a popular saying" no risk no reward ". Every rich person understand this.
Alot of rich people love to take a high risk because they have advantages over it.
Many people won't be willing to take a high risky investment but when they few did, there is always a high possibilities of been successful and the profit will be very high.
The primary thing which you need to know is that it has become their hobbies some of them take risks to succeed while some do that through the experience they get from others,Alot of rich people love to take a high risk because they have advantages over it.
Many people won't be willing to take a high risky investment but when they few did, there is always a high possibilities of been successful and the profit will be very high.
I would actually say that it is simply because they are very rich already and the money is not a problem for them to waste in some investment that are not even worth it for someone to put their money into.
They are rich and they have the capability to take high risk. They can take risks and this is why they have no problem losing some portion of their wealth. Having said that, many rich people are clever and they know the outcome of investments. This is what makes them rich in the first place.
As much as it is sad to see what happened with Ocean Gate and non of them making it, it goes to show that sometimes those who have a lot of money tend to do a lot more high-risk things without fully taking into consideration the risks even when they are told by many.Just take a good look at what happened with the ocean gate submarine project. All the millionaires or billionaires that invested their money in the project ended up dying over something I would not even do if someone offers to pay me money for me to do it.
As much as it is sad to see what happened with Ocean Gate and non of them making it, it goes to show that sometimes those who have a lot of money tend to do a lot more high-risk things without fully taking into consideration the risks even when they are told by many.
Unfortunately, I feel we will still see this because that possibility is there.