Financial History Issue 119 (Fall 2016) | Page 14

EDUCATORS’ PERSPECTIVE the area and it was risky dealing with other greedy Conquistadors. Risk is always an issue for the entrepreneur, and the world of the Conquistador was extremely risky. Risk is borne because of the potential rewards it may bring about. The Conquistadors were willing to take risks, but they were not very good at risk management. Many of the risks they bore were unnecessary and easily mitigated with wiser decision-making. These poor decisions led directly to the demise of Almagro and Pizarro.  Brian Grinder is a professor at Eastern Washington University an