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3) Social Risk: Do you know that person who can dance like no one is watching? I do, and these are the people who are willing to take social risk, oftentimes to achieve social status. Whether it be telling a joke or speaking in front of hundreds, the risk of embarrassment is a deterrent for many.
2) Mortal Risk: This is the risk of physical harm or death. Driving too fast, sky-diving and moutaineering are common examples, but I think roller coasters even qualify. This risk often create an adrenaline rush and excitement.
1) Fiscal Risk: The chance of losing money or material possession. Clearly gambling is a type of fiscal risk, but so is starting a new job or business.
Notwithstanding the above, I do not consider myself a risk-averse person. This leads me to think not all risks are equivalent. Four types appear to capture most of what we commonly consider risk:
Although some appetites are common to us all, the pursuit of risk varies widely. My two friends with me in Jackson Wyoming have taken significant more physical risks than I. Whether it be climbing to base camp of Mt Everest (Steve) or heading through level 4/5 river rapids without a veteran crew (Chris), they seek the adrenaline and rush of experience. In contrast, I rarely engage in activities that put life or limb in danger. Whether it be slow-driving or no bungee-jumps, I prefer safety over excitement.
The last two days have been spent in the Bridger-Teton National Park and Yellowstone. Yesterday we went tubing down the Snake River just south of Jackson and today we headed on a scenic drive/hike through Yellowstone and Old Faithful. Although there is no way to see much of America's grandest national park in a day, we did see some highlights and snapped a few great pictures included below. We were all so confused about how Old Faithful regularly erupts that we found two explanatory articles (Popular Science & Scienceonline.org). Tomorrow we embark eastward towards Chicago, then Canada, and ultimately Boston. I've passed the halfway mark in my cross-country adventure, but I hope to have a few more tales before its conclusion. I will be home with my wife and back in Houston within two weeks. I miss you Sam!
When America's founding fathers wrote about life, liberty and the pursuit of happiness, they knew risk was inevitable. Only the individual can say which combination of the above are best, but don't back down. Take risks and when you fail, don't be afraid to try again. Often, what you learn in failure builds the foundation for future success.
4) Personal Risk: This involves giving of yourself and letting people into your life. Falling in love is a huge personal risk (what if she doesn't love me back?), but these risks are almost always worth embracing.
Miles driven: 4,970
Quote of the Day: “Defeat is not the worst of failures. Not to have tried is the true failure.” George E. Woodberry
Poker update: No new news.
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