Question: I have been asked to be part of a group that will guarantee a loan for a business deal. I am naturally risk averse and signing such a deal makes me nervous. Yet I am only one among many in the deal and have plenty of other money. What am I not considering?
Answer: Whether or not you are ready to risk it all.
Look around at everyone else in this deal. Are they well-heeled and blessed with deep pockets? Or are they inviting you to the party because of your deep pockets?
If this deal goes south, do you know how much you are on the line for?
Small children are my favorite people. Unlike some adults, they never hold grudges for long. Watch what happens when two of them become involved in a squabble, or a ﬁght. One moment they’re as mad as can be. But, in most cases, give them just 10 minutes to “cool off” and they’ve forgotten the whole thing and are busily occupied in playing together again. Their adult counterparts? Well, almost without exception, we hang onto a grudge, or some perceived insult, as though it was our best friend.