If everything in life is a matter of luck, then risk management is a meaningless exercise.
Invoking luck as the savior or failure of a situation obscures truth, because by definition, luck separates an event from its root cause.
The terms “hazard” and “risk” are often used as synonyms, but they are not interchangeable.
“Hazard’ takes into account the physical attributes of a situation and the potential for exposure to danger.
“Risk” is the identified and accepted hazard compounded by consequences; ie, the “What’s going to happen to me?” part of the equation.
Managing risk is a balancing act between a desired outcome and the probability of achieving it.
Knowing your goal is the key issue because it will become the yardstick by which you measure how much you are willing to put at risk.
Obviously accomplishing something that’s never been done before necessitates accepting a greater possibility of death or serious injury than repeating something that’s been done and perfected by thousands of other people.
For some, taking and getting away with the risks becomes a basic essential purpose and a reason for being. There is no more surefire way to feel alive than to gamble with and cheat death.
That’s all. There really was no point. Sometimes there doesn’t need to be, methinks. Just thoughts.
