There's No Reward Without Risk | 5-Minute Videos | PragerU
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Success comes with risk. Those who take it often reap the biggest rewards. But what happens when government removes risk—freely spending taxpayer money and facing no consequences for failure? Carol Roth, author of You Will Own Nothing, reveals how this "risk-free" approach has left America drowning in debt without much to show for it.
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Transcript:
There's No Reward Without Risk
Presented by Carol Roth
A cashier at local burger joint may make $20 an hour. But the owner of the burger shop chain may make hundreds of thousands or even millions of dollars.
Is that fair?
Absolutely.
Why?
Because of the concepts of risk and reward.
Risk and reward are fundamental to navigating the world — from economics, business and government to the choices we make in our own lives.
Those choices all depend on how we assess risk and reward.
We understand rewards, but what is risk?
Simply put, it is the likelihood of something turning out worse than expected, plus the chance of that “something worse” actually happening.
When you think of taking a risk, you may think of an activity like jumping out of an airplane.
You must evaluate the amount and scope of risk involved — maybe your parachute doesn’t open — in fact, 1 out of 400,000 making a jump are killed — against the potential benefits: the rush of flying through the open air, the bragging rights afterward, and so on.
Risk versus reward.
Maybe you want to invest in the stock of a company that has developed an exciting new technology. You risk your hard-earned money hoping the stock doubles or triples. But no one knows whether this new technology will catch on. You could easily lose your entire
