The first exercise was to fill in the chart what were considered affordable loss and what we were willing to lose in various scenarios. The point was to help us figure out how risk averse we were. I believe I am pretty risk averse, but not too much so that I don't take any risks.
For example, I would invest in a friends company that for every $100 you own 1% of the company and the company has a 25% chance of making you $1000/1%. I would probably invest up to $200, because I would want to support my friend and can afford/am willing to lose this money. However, I would not invest in an investment that has a 50% chance of making $100 and 50% chance of losing it all.
The second exercise asked a series of questions about what we would risk in different situations to achieve our goals and overcome obstacles. This exercise was hard to do without a specific situation, and at this point in my life its hard to have a good sense of money in this context.
