Today I have a very
disappointing but real example of someone I know not being opportunistic, this is the
story of how my best friend’s grandfather missed out on becoming a billionaire.
It might sound crazy but his grandfather had an opportunity to invest/become
part owner of McDonalds. His grandfather was a friend of Ray Kroc, the founder
of McDonalds, and could have invested in the beginning when McDonalds was a new
company. To think that if his grandfather would’ve invested with Mr. Kroc, I
would never have met him because he would’ve been living a dream life with all
the money his family could ever need/want in some mansion in Beverly Hills.
This story is definitely a prime example when someone didn’t act opportunistic
because he was faced with a very hard decision of investing almost all he had
with Ray Kroc and found the company known as McDonalds. One might think that he
was incredible stupid not to take up on that opportunity but he made a decision
that I feel many people would struggle with and contemplate if this would be a
smart move. Obviously someone looking back would say imagine if he would’ve
invested all he had and think that now his family would be rich beyond their
wildest dream.
I believe that he
made his decision based off of the risk of losing everything, a concept that
many people worry about when they make a large investment. While this
opportunity wasn’t unethical at all it still resonates with the concept of
risk/reward. This idea of risk-taking is a big reason why people contemplate
their decisions many times in their head and end up either making a lot of
money or losing a lot of money. While I’ve never really had a long conversation
with his grandfather I can definitely see why he made the decision he did,
while I might disagree with that decision, I haven’t been in his situation
before and haven’t needed to make such a risky decision that could’ve crippled
him financially. In addition, risk-taking is sometimes seen as gambling, which
is a difficult think for a new businessman to rationalize because an investment
can be gone as quickly as the company starts to take off. I admire his decision
to think before he invested a lot of his money, however as I feel I am a
risk-taker, I believe I would’ve invested even though the risks were very high.
This story to me
tells a real story about opportunism because every day people are faced with
risky decisions and whether or not to either invest in the stock market or make
a less sever decision like whether or not to go to a certain school over
another. This story just makes me wonder what opportunities will come my way
and how I will make decisions to either go with the higher risk decision or
not. I hope that you guys reading this will just picture in your head what life
would’ve been like for my best friends family if his grandfather would’ve went
with the risky decision and invested all he had into McDonalds.
You seem to have a somewhat wrong sense of what opportunism means. It is not simply taking advantage of opportunities. It is doing so without care for the ethical consequences, meaning someone else might very well be hurt by the decision but you go ahead with it anyway.
ReplyDeleteIn the touching story you told about your grandfather, the person hurt was him. In retrospect, he made the wrong investment decision. (Though in prospect it might have been the right one at the time.) All of us make poor decisions, now and then. But that is not opportunism.