We all read (Hopefully WE did) books and course materials about project management, about risk management/assessment/etc and blah blah. Theory is one thing and experience it is another dimension that you might need to try out yourself to get the taste of the sweet and pain of your own risk tolerance level.
I just being through a so called "Risk Tolerance Enablement Boot Camp" session, organized by me and one of my ex-colleague. The venue was at Genting Casino in Malaysia and the time was between 11:30pm to 7:30am the next day. If just happened that you have no idea where the heck is Genting Highlands, I can tell you that it is a sort of place where Malaysian like to go whenever they are free or not free (Pun intended).
Initially my risk tolerance level was set at RM200. We measure our tolerance level by the amount of capital that we willing to give away. As usual, changes are always. Right after I stepped into the casino and witnessed the suffering of those that were losing money, I adjusted my level to RM100. :P, Well. You must always learn from other people failures.
Major highlights of the event are: (The following are in the order of time)
0. I lose RM20 to 2 Slot Machines.
1. I lose RM100 to another 2 Slot Machines.
2. I won RM25 from Digital Sic Bo game.
3. I won RM10 from Baccarat game.
4. I hit "Minor Jackpot" from another Slot Machine, won RM200
5. I won RM10 from another Slot Machine
Gross Profit = RM125
Net Profit = RM70
Quite an effective boot camp i would say. Train your tolerance while enjoying the game. Looking forward for another session, but perhaps not in the near future.
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