Sharp Daily
No Result
View All Result
Thursday, June 19, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Opinion

OPINION: The overlooked role of luck and risk in financial success

Sheilla Musau by Sheilla Musau
December 10, 2024
in Opinion
Reading Time: 2 mins read

When it comes to financial success, many people attribute their outcomes solely to hard work, smart decisions, or even a well-timed investment strategy. However, luck and risk play far more significant roles than we often care to admit. We like to think that financial outcomes are solely within our control, but the truth is, both fortune and chance have a profound influence on where we end up.

Luck, for better or worse, often determines the starting point. It can show up as being born into a certain economic situation, meeting the right people at the right time, or finding a lucrative opportunity that seems to appear out of nowhere. People who get in early on a booming industry or investment can see massive returns, while others, despite their hard work and diligence, may miss those same opportunities. The random nature of these events is undeniable, no matter how much effort you put in, luck can change everything.

On the flip side, risk is the unavoidable counterpart to luck. Every financial decision carries a degree of risk, whether it’s starting a business, investing in stocks, or even buying a home. But unlike luck, risk is something that can be anticipated and managed. The key is knowing how to navigate it without allowing it to paralyze your finances. Taking calculated risks can lead to great rewards, but the risk of loss is always present, and its impact can be just as unpredictable as luck. Some people experience devastating financial losses from decisions that others might consider safe, simply due to bad timing or external factors beyond their control.

Ultimately, the dance between luck and risk is what shapes our financial stories. While we can make educated decisions and work hard toward our goals, we cannot ignore the reality that both luck and risk are beyond our complete control. The sooner we accept this, the better equipped we are to manage our expectations and understand that, in the end, many outcomes are simply not in our hands.

RELATEDPOSTS

Navigating inflation and currency risks in African investments

June 10, 2025

How businesses can stay profitable amid currency volatility

June 10, 2025
Previous Post

Cytonn Money Market Fund reaches KES 1 billion in AUM

Next Post

The rising influence of sovereign wealth funds in global markets

Sheilla Musau

Sheilla Musau

Related Posts

Opinion

Unlocking long-term wealth with the power of compounding

June 19, 2025
Opinion

HealthCare investment trends and insights

June 19, 2025
Opinion

Saving vs Investing

June 19, 2025
Opinion

Using technology to tackle Kenya’s counterfeit drug menace

June 18, 2025
Opinion

The rise of the “soft life” and the strain on financial discipline

June 18, 2025
Opinion

A scalable solution to Kenya’s rural health crisis

June 18, 2025

LATEST STORIES

Unlocking long-term wealth with the power of compounding

June 19, 2025

HealthCare investment trends and insights

June 19, 2025

Saving vs Investing

June 19, 2025

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025

It’s Parliament vs Treasury on the battle over zero-rated essentials.

June 19, 2025

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
1049795356

CIDDF vs Annuities: Choosing the Smarter Retirement Income Option

June 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024