Suppose everyone agrees that, as a business, a laundromat is less risky than a self-employed financial securities trader. However, Jake prefers being a trader to running a laundromat. Check all that apply: Jake violates the principle of finance. There are always exceptions to a general principle; Jake's case is such an exception. Let's suppose the principle is absolutely true, then Jake will prefer a laundromat to a trader if the expected returns of the two business are the same. Jake's case does not apply to this principle