5 Ways to Be Better at Risk-Taking

Time Moneyland Career Strategies chooses Huntington Press author Annie Duke as one of five experts at risk-taking.

March 15, 2012

You may never tame lions or swim with the sharks, but you still have plenty of opportunities to act courageously every day. Learn the secrets to becoming bolder and braver from five experts (including a poker champion and a stunt coordinator) who smile in the face of fear.

3. Don’t Put Everything on the Line
I set aside money for playing poker, and I risk only a small amount of it on each game. You can’t take advantage of big financial opportunities (a passion, a new job, a potential investment) if you’re too stretched. That means you need to maintain a lifestyle that’s more modest than what you can actually afford. Even then, you should never put all your time or cash into one venture. The odds of ruin are just too high.

Annie Duke is a Los Angeles–based professional poker player. She won the World Series of Poker Tournament of Champions in 2004 and the National Heads-Up Poker Championship in 2010.

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