There's a Thin Divide between Boom and Bust; Interview of the Week JUDICIOUS Risk Management Is the Key to Entrepreneurial Success, Says JEZ DAVISON

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Byline: JEZ DAVISON

WHAT distinguishes a good entrepreneur from a bad one?

The one who makes the most money might look the safer bet on paper. But at what price?

Making money via high-risk, high-reward strategies has been the downfall of many an entrepreneur - including rogue trader Nick Leeson, whose unchecked risk-taking brought down an entire bank.

By betting on the future direction of the Nikkei Index, Leeson initially made huge profits before exposure to massive losses effectively wiped out the 233-year-old Barings.

Hailed as the darling of the City in the boom times, Leeson was suddenly public enemy number one - but surely his …