No Risk No Gain Essay Definition

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It’s completely true that you can’t accomplish anything without going through some sort of pain. That’s why I agree with the statement, “No pain, no gain.” One example of this is getting your body into shape – it is painful, but you gain something out of it in the end. Another example is Nelson Mandela, who, even after many years in prison, re-emerged stronger than ever to fight against racism.

I’m sure that everyone wants to be fit. Unfortunately, it doesn’t just come with the snap of a finger. You have to work out regularly and improve your stamina. If you are quite unfit at the beginning, it will take a lot of pain on your part to improve your physical fitness – if running the extra few meters will make you fit, go for it! Also, if you’re inflexible for your age and you want to be more flexible, the best way to do that is to stretch. Yes, it might hurt at first and yes, it’s painful, but you will be able to do a lot more sports and improve your physical fitness by being flexible. You might be asking: What’s the gain? The gain is that sports make you happier throughout the day, improving your look, inside and out, helping you concentrate better, making you sleep longer as well as drastically improving your health, reducing the risk of getting diseases such as cancer, and making you live longer. Wow, that’s a lot of gain! That’s why pain is worth it – for imagine if you never exercised at all, never ran that extra few metres, and never stretched? You would be overweight, moody, and at the risk of getting major diseases (among many other reasons). I’d much rather be the first group of things listed above rather than the second – wouldn’t you? That’s why this is a good example of “No pain, no gain.”

Even though the things that happened to Nelson Mandela for most of his life were unfair, (namely being sent to jail for many years) he still fought on throughout the rest of his life. He didn’t give up, even though he was in jail for so many years – living on rations of food and wearing the jail outfit, he would get his friend to sometimes sneak in a copy of the local newspaper to him so he could find out what was going on in the world. In jail, he would be planning ideas for what he would do once he was released. Because he went through pain, it actually made him a more patient person. When he was released at last, he fought against racism and eventually became president of South Africa. Later on in life, he earned at least fifty awards – which is a great gain from the pain that he went through for most of his life in jail. If he hadn’t fought his way out of jail, he wouldn’t have become president of South Africa and definitely wouldn’t have won any awards. Even though most of his life was pain, the remainder of his life resulted in great gains that would make him famous forever. He might have been able to accomplish all of this without going to prison, but I actually think that it made him a better person.

In conclusion, nothing good can happen to a person without some pain. Some people might think that pain only happens to bad people, but in truth, it happens to every person who wants to make a difference in this world. That’s why you have to realize that nothing is going to hand itself to you – you have to work for it. And if that means going through some pain, it doesn’t matter, for if you work hard enough, you’ll definitely get some gain out of it.

-writersblock55

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Posted in Essays | Tagged essay, no gain, no pain

“Nothing venture, nothing have,” means that we cannot ex­pect large profits, unless we are willing to run the risk of losing something. This saying is often used as an argument in favour of gambling, because the gambler by running the risk of loss obtain the chance of gain.

But, although we cannot expect great profits without the risk of loss, it does not follow that it is reasonable to risk our money on the gambling table. Gambling takes a large amount of valuable time, and the excitement of its exhausts the brain more than most kinds of brain work.

Surely it must be clear that to waste so much time and so much brain-power, without the certainty or even the probability of adding to one’s wealth, is the height of folly, even if we leave out of account the bad effect that gambling has upon the moral character.

No one should ever purchase the chance of gain by the risk of loss, unless he has good reason to believe that the chance of gain exceeds the risk of loss.

Image Source: cdn.notonthehighstreet.com

In lotteries and in other kinds of gambling, in which the element of skill does not affect the result, either the gambler’s prospects of gaining and losing are exactly equal, or else, as more often happens, he is more likely to lose than to gain.

For the sake of illustration, let us consider the case of a lottery for a hundred rupees, in which there are ten tickets costing ten rupees each. In this case each purchaser of a ticket has a tenth of a chance of winning one hundred rupees, for which he pays just the value of that chance, namely, ten rupees.

As a matter of fact, in almost all lotteries a large percentage of the value of the tickets goes to Pay the expenses of management, so that the subscriber’s chance of a prize is considerably less in value than the sum he pays for his ticket.

A sensible business man would not care to speculate on such terms. He is, however, quite willing to undergo a small amount of risk, when there is a favourable prospect of thereby obtaining large profits.

The shopkeeper or merchant knows well enough that some of the goods he buys may deteriorate in value before he can find a purchaser for them, and that it is quite possible that he will in the end have to sell them at a loss.

But he has reasonable grounds for trusting that in the course of the year his profits will, to a considerable extent, exceed his losses, or else he would try some other means of earning a livelihood.

There is, indeed, as indicated by the proverb we are considering, a close proportion between gain and risk. In the first place the gain obtained in any mercantile speculation is divided among the partners according to the quantity of capital subscribed.

Other things being equal, the partner who risks two lacs of rupees in a business will receive twice as large a share of the profits as a partner who only risks one lac. If we compare different speculations, we find that, where there is much danger of loss, there is a prospect of correspondingly great gain.

If you lend money to an unstable party, you will be in great danger of losing both interest and capital, but in compensation you may get interest for several years at the high rate of twenty per cent. On the other hand, while the holder of Govt. Bonds is secure against heavy loss, he gets interest for his money at the rate of less than three per cent.

The clever man of business is better able than his rivals to calculate the risk of any particular speculation, and by his superior knowledge increases his wealth.

He plunges boldly into some speculation which he knows to be less dangerous than it is supposed to be the world at large, and so gains large profits, though not without risk of loss. If must, however, be remembered that to make such venturesome speculations with success requires the highest intellectual capacity on the part of the speculator.

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