Quotes About Risks

New flood maps in many states have raised the estimation of flood risks along rivers, streams and oceans, adding many properties to flood zones for the first time.

High school students ought to seek out campus communities where they feel not only empowered to engage their talents, but also challenged to leave their comfort zones. The ability to embrace new opportunities emerges, in part, from a willingness to take risks and to fail.

Nobody can really guarantee the future. The best we can do is size up the chances, calculate the risks involved, estimate our ability to deal with them and make our plans with confidence.

There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.

Farmers the world over, in dealing with costs, returns and risks, are calculating economic agents. Within their small, individual, allocative domain, they are fine-tuning entrepreneurs, tuning so subtly that many experts fail to recognize how efficient they are.

I turned down 'American Gigolo.' There are many films - like 'Ghostbusters' - that I turned down... The first one I did was 'Foul Play' with Goldie Hawn, but I turned down 'Animal House' - I turned that down.

TV is so expensive to make and these channels aren't necessarily rolling in money, that getting anything off the ground... they can't take that many risks.

You have to have fear to take risks - and I want to at least try.

I really like doing television shows, and I anticipated doing a comedy, because thats the place I feel the most comfortable - those are the risks I want to take.

When you stop a dictator, there are always risks. But there are greater risks in not stopping a dictator.

Artisans, say, taxi drivers, prostitutes (a very, very old profession), carpenters, plumbers, tailors, and dentists, have some volatility in their income but they are rather robust to a minor professional Black Swan, one that would bring their income to a complete halt. Their risks are visible. Not so with employees, who have no volatility, but can be surprised to see their income going to zero after a phone call from the personnel department. Employees' risks are hidden.

The principle of intervention, like that of healers, is first do no harm (primum non nocere); even more, we will argue, those who don't take risks should never be involved in making decisions.

Under opacity and in the newfound complexity of the world, people can hide risks and hurt others, with the law incapable of catching them. Iatrogenics has both delayed and invisible consequences. It is hard to see causal links, to fully understand what's going on. Under such epistemic limitations, skin in the game is the only true mitigator of fragility.

Once again, I am not saying that we need to stop globalization and prevent travel. We just need to be aware of the side effects, the tradeoffs—and few people are. I see the risks of a very strange acute virus spreading throughout the planet.

One should give more weight to research that, while being rigorous, contradicts other peers, particularly if it entails costs and reputational harm for its author. Further, Someone with a high public presence who is controversial and takes risks for his opinion is less likely to be a bull***t vendor.*4

we are grateful for the risks you are taking and the sacrifices you are making for the sake of the economic growth of the planet and pulling others out of poverty.

is paid according to some metrics that do not necessarily reflect the health of his company; these he can manipulate, hide risks, get the bonus, then retire

The glass is dead; living things are long volatility. The best way to verify that you are alive is by checking if you like variations. Remember that food would not have a taste if it weren't for hunger; results are meaningless without effort, joy without sadness, convictions without uncertainty, and an ethical life isn't so when stripped of personal risks.

One should give more weight to research that, while being rigorous, contradicts other peers, particularly if it entails costs and reputational harm for its author. Further, Someone with a high public presence who is controversial and takes risks for his opinion is less likely to be a bull***t vendor.

it had gotten France and Britain heavily in debt; they incurred at least ten times what they thought their financial costs would be

There are two categories in which random events fall: Mediocristan and Extremistan. Mediocristan is thin-tailed and affects the individual without correlation to the collective. Extremistan, by definition, affects many people. Hence Extremistan has a systemic effect that Mediocristan doesn't. Multiplicative risks—such as epidemics—are always from Extremistan. They may not be lethal (say, the flu), but they remain from Extremistan.

those who cannot learn from experience, or don't mind taking risks they don't understand, may kill many.

This is no different from the Bob Rubin risk-transfer trade, of delaying risks and making them look invisible.

Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance. … Mother Nature does not tell you how many holes there are on the roulette table … In this book, considering that alternative outcomes could have taken place, that the world could have been different, is the core of probabilistic thinking.