The Importance of Taking Risks in Business

Question, what, what's the best piece of advice he ever

gave you?

I think Peter was the person

who,

who told me this really

pithy quote that, "In a world that's changing

so quickly, the biggest risk you can take is

not taking any risk."

And

I, I really think that that's true, right?

I mean, a lot of people, I think, think that, um, you know,

whenever it comes

to, uh... Whenever you get yourself into a position

where you have to make some,

some big shift in, in direction or do something, um, you know, the,

there are

always... People are gonna point to the, the downside risks of that

decision. And locally, they're maybe

right, right? I mean, i- i- for any given decision

that you're gonna make, there's

upside and downside. But in aggregate, if you are stagnant

and you don't make those changes, then, um, then I think you're guaranteed to

fail, right? And, and not, not catch up.

So to some degree, I, I think it's really right that over time,

the

biggest risk that you can take is to not take any risks.

That is a great place to leave it. Thank you very much.

All right.

End of transcript · 204 words

iPhone app Translate videos on your iPhone Paste a TikTok, Instagram or X link, add subtitles in your language and save the video to Photos.

Read any video in your language

Paste a link from X, TikTok, YouTube or Instagram. You get a page like this one.

© 2026 TranslateMom Transcripts Sources Pricing Legal