Nothing
RISKED, Nothing
GAINED.
This principle applies to physical risk, emotional risk, and financial risk. It is a universal aspect of learning to deal with all risks in life.
The big question lies in how to handle making decisions on a myriad of risks, of a multitude of magnitudes.
Well, Dr. Halla is here to help you.
Here's how I do it, for any risk I am considering undertaking:
(1) Identify the risk and why I am considering taking it. (e.g. "I want to get laid", or "I need to make some cash", or "It sure as hell would be fun to set that old pile of trash on fire.")
(2) Identify all probable outcomes of me engaging in the risk. Let's create three outcomes for any of the examples above:
.....(a) WORST CASE SCENARIO
.....(b) Middle Of the Road, aka "Whatever"
.....(c) VICTORY and GREATNESS!!!!

umpyouup:
(3) Evaluate the WORST CASE SCENARIO, and determine the PROBABILITY that it will occur over the other options to the best of your ability.
(4) THE BIG QUESTION: Are you willing to accept the wors case scenario if it occurs? Can you live with it?
.....(a) If YES, then GO FOR IT!!!

.....(b) If NO, then get these stupid thoughts out of your head and think of some other stuff.
I hope this helps.
I use this process several times everyday, and have applied it to a number of scenarios ranging from miniscule to magananmous risk.
Having a process allows you to make good decision without getting muddled ip in details.
HAVE A PLAN,
then
EXECUTE THE PLAN.
Finally, Bob Gates, former Secretary of Defense said to a reporter when asked "What have you learned in your career?" and Mr. Gates said "You just have to make the best decisions that you can with the information you have available at the time. You can't get hung up in analysis paralysis."
That's how the real movers and shakers roll...
I agree with him wholeheartedly.
-Dr. Halla