![]() ![]() So you try harder to rescue the situation, often making it worse and sinking deeper in to the hole that you cannot get out of. The problem goes further: if you encounter difficulties in a gamble, it becomes harder to pull out-you realize that the stakes are too high you cannot afford to lose. With a gamble there tend to be too many variables to complicate the picture down the road if things go on. With a gamble, on the other hand, defeat can lead to a slew of problems that are likely to spiral out of control. The difference is that with a risk, if you lose, you can recover: your reputation will suffer no long-term damage, your resources will not be depleted, and you can return to your original position with acceptable losses. ![]() ![]() Both cases involve an action with only a chance of success, a chance that is heightened by acting with boldness. “The Great German general Erwin Rommel once made a distinction between a gamble and a risk. ![]()
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