Financial market participants often try to define risk. Due to the large sums of money involved, it is extremely important to capture risk accurately – the reason being that one would always know how much they could stand to lose at any point in time. The challenge with assessing risk though, is that it always comes unannounced. If you can define it, comprehend it, and prepare for it, then it probably is not really “risk” in the first place.
It’s not just the financial markets alone where we may have experienced this. On the eve of an important presentation or speech or or exam or deliverable or review, we might conjure up the worst possible outcomes in our minds. No doubt stress, anxiety and tension will follow. But what is interesting is that most of the time such events pass by fairly smoothly, and the “risk” never materializes. As someone said and I’m only paraphrasing, “Risk is what hits you completely out of the blue, at 3 pm on a sleepy afternoon.”
What can we do then in such situations? Instead of worrying about what might happen, once we’ve put in the requisite efforts (i.e. preparing in advance for the presentation, studying well for the exam etc.), we can follow the gudusungu (you could pronounce it as goodoo-sangoo!) principle, i.e. Get Up, Dress Up, Show Up, Never Give Up. Just consistently being there, doing the small things, progressing step by step, always matters much more than a one-shot one-trick pony. Let’s try it out!
PS: ‘Sangu’ in gudusungu is also the name of my awesome elder cousin sister who’s also a doctor and blogger. Makes it easier for us to recall every day!