OceanGate: Uncalculated Risks

And the myth of the thrill-seeking entrepreneur [Altucher Confidential] June 22, 2023 [WEBSITE]( | [UNSUBSCRIBE]( You might imagine entrepreneurs and innovators as daredevils, risking life and limb. But the truth is, those are the outliers, not the norm. [Hero_Image] OceanGate: Uncalculated Risks By Chris Campbell There is MASSIVE change happening within our company. And I want you to [hear about this – from me]( – otherwise this new policy could blindside you. This has gone into effect immeditaly, so I want you to understand exactly what it will mean for you. [So please, watch this video for my full announcement.]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, When I lived in North Carolina, my license plate said “First in flight.” But in Ohio, it said, “Birthplace of aviation.” [ALC] I take it as proof: Americans take great pride in their risk-taking, bootstrapping innovators. The Wright Brothers built the first functional plane without investors -- they only had the money they made from their bike shop in Dayton. Unfortunately, the brothers then soon after [turned into patent trolls]( stifling innovation wherever they could. But nobody cares about that part. They are heroes. OceanGate is a different story. Uncalculated Risks I’ll preface this by saying I’m rooting for a happy ending to the OceanGate saga. But it’s hard not to cringe at the optics. Like the hand wrench CEO Stockton Rush used to seal the submarine. [pub] Or the Xbox controller they used to steer the thing. (To be fair, I hear [the US Navy uses the same controllers to control periscopes](. But it’s kinda’ apples to oranges.) [pub] And Stockton’s quotes. Like: "I have broken some rules to make this,” he said. “The carbon fiber and titanium… there is a rule that you don’t do that. Well, I did.“ For all of these reasons, OceanGate already isn’t a story about bootstrapping innovation. It seems more like a cautionary tale. Less Wright Brothers and more Theranos. Urgent From James Altucher! Hey, it’s James Altucher. I just announced a massive new change to Altucher’s Investment Network, and as one of my readers I wanted to make sure you know what’s going on. [Click here now to see my urgent announcement.]( Why Entrepreneurs Hate Risk As James often points out, a lot of folks get it wrong when it comes to most successful investors and entrepreneurs. They're rarely the thrill-seeking risk junkies you see all the time in the news. We hear about the ones who hit the jackpot… or fail catastrophically. We don’t often hear about the ones who made a habit of taking small, calculated risks. The ones whose bold plans have more redundancies than a Congressman explaining his stock trades. Case in point: When James started his (now wildly popular) [podcast]( he didn’t go out and build a studio and buy a bunch of fancy equipment. He started out by just reading into his iPhone mic and uploading it to a service that cost him $20 per month. Small risk. Big reward. You might imagine entrepreneurs and innovators as daredevils, diving headfirst into uncharted territories, risking life and limb. But the truth is, those are the outliers, not the norm. Most hate taking unnecessary risks. The best are accustomed to the art of managing risk and taking only bets with huge upside potential and limited downside risk. And that’s precisely what kind of bet James is uncovering as I write. More on that coming. Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential Warning: Will “Bidenflation” Destroy Your Retirement? [James Altucher]( If you’re like most Americans, you’ve worked hard for decades to build your financial legacy. And now, as a result of Biden’s disastrous money printing policies, that’s all at risk. According to one top retirement expert, “Bidenflation” threatens to destroy your retirement and make your hard-earned savings worthless. That’s why you must take action right away to protect yourself… [Click here now to get the simple, step-by-step actions to survive “Bidenflation.”]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential.](