This business English Vocabulary lesson is the second of our two-part series on vocabulary related to risk management. In our previous lesson, we took a general look at risk management. Today, we’ll focus on the process of risk management planning.
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This episode of Video Vocab is the first of a two-part series on Business English vocabulary related to risk management. In this lesson, we’ll take a look at risk management in the business world.
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Welcome back to Business English Pod for the second episode of our two-part series on English gambling idioms.
Any time we take a risk with money, we’re gambling. Whether it’s a card game, a horse race, or a game of dice, we bet money in the hopes of winning more. Business also involves taking risks with money, and for this reason gambling idioms have become very common in business. They are especially common in the world of investing. If you think about it, betting money on cards is a lot like making a high-risk investment.
For today’s lesson, we’ll continue our look at gambling idioms and explore how they are used in business discussions. As you listen to the dialog, you might hear some phrases that are new to you. Keep a note of these expressions and we’ll go over them in the debrief and explain what they mean and how they can be used.
In our last episode, we heard Kevin and Dan talking about investing their money. Kevin likes to invest in stocks, but Dan normally prefers safer methods. However, Kevin tells Dan that he has just found out about an investment opportunity that might be very profitable. Today, we’ll hear Kevin try to convince Dan to accept some risk and take the opportunity.
Listening Questions
1. Why is Kevin excited about the company called Golem Mining?
2. What does Kevin say about the amount Dan would have to invest?
3. What does Dan finally decide to do about the investment opportunity?
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This is the first in a two-part Business English Pod series on idioms related to gambling.
As gambling involves money and risk, it’s not surprising that we use gambling idioms in business. The verb “gamble” itself is very common. We often talk about “gambling” money on an idea or “taking a gamble” to mean taking a risk. Another very common one is “bet,” both as a verb and a noun. When we gamble, we “bet” money in the hopes of winning and getting more money back. In a way, business is one big bet.
In English, gambling idioms come from a few common types of gambling. Card games, especially poker, and horse racing give us the most idiomatic expressions, but we also get some from games such as dice and marbles.
In this lesson, we’ll hear a conversation between Kevin and Dan, two colleagues who are talking about investing. Kevin actively invests in the stock market, while Dan is more cautious and usually avoids risk.
Listening Questions
1. Which person thinks that luck is important in investing?
2. What did Kevin do when the stock market crashed?
3. What does Kevin want to tell Dan about at the end of the conversation?
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Welcome back to Video Vocab. This is the second of a two-part series on the planning process. In this lesson, we’ll examine the implementation and review of a plan.
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