“Take calculated risks. That is quite different from being rash ”

Simplified Meaning:

Making thoughtful decisions involves weighing the pros and cons before acting, unlike impulsively jumping into something without thinking. Imagine you decide to invest in a business. If you study the market, understand when and how to invest, and know the potential gains and risks, that’s taking a calculated risk. On the other hand, if you immediately invest in a random business you know nothing about just because someone told you it’s good, that’s being reckless. In history, inventors like Thomas Edison took calculated risks. He carefully researched and tested ideas before creating something successful, like the light bulb. This approach helped him succeed and avoid unnecessary failures. In your own life, if you consider changing jobs, don’t quit your current one on a whim. Instead, research the new job, understand its benefits, and ensure it aligns with your goals. Calculated risks can lead to reward and growth, while rash decisions often bring regret.