From the Journey · Taking calculated risks

The difference between courage and recklessness

Notes on conviction, timing and knowing when to walk away.

Rakesh Sharma· 5 min read

Risk is unavoidable in business. What matters is whether you understand the risk you are taking.

The markets of the 1990s taught me to separate conviction from stubbornness. Conviction is backed by evidence; stubbornness is backed by ego.