Quotes About Risk

Elias revved the engine menacingly. I put my hand on the steering wheel. "That's my mom! Don't even think about it." "How about I just back over the ones behind us?" " Or the ones on the sidewalk," one of the guys in the backseat suggested. "Be serious," I said, though they might have been.

You're playing with Pandora's box. Sometimes it's better not to open it. Sometimes, it's better not to know.

Most people who stay do it because they're afraid to leave, and most people who leave do it because they're afraid to stay. If you stop and think about it you'll find that fear is the motivating factor for most decisions people make in their lives

My wife is amazing. She had to know she was getting into a heap of trouble when we met.

To be a successful investor requires being a good risk manager. Managing risk means having a plan to cover the downside. That's what insurance is all about—damage control to prevent the unforeseen from smashing your nest egg.

Holding out until you get your price to sell an investment is playing a fool's game.

To minimize risk, investors want funds with securities that act differently. If one stock or bond fund declines in value, we want other stocks or bonds in the portfolio to gain in value. If two funds hold securities that are the same (i.e., overlapped), diversification is reduced and risk increases.

Finally, if you own a business, make sure you have a sufficient business policy to cover contingencies, such as key-man insurance, or insurance to cover a buy-and-sell agreement.

We don't believe in mixing investing with insurance. Insurance is for protection and investing is for wealth building. Don't confuse or mix the two.

And someone with significant net worth or a large portfolio does not need to invest in risky investments in search of higher returns.

we suggest that you add from 10 percent to 20 percent more bonds than you think you need for safety. This will be your insurance against worry, and might help prevent you from selling at the wrong time.

Protect your assets with the proper types and amounts of insurance. Insurance is for protection. It's not an investment. Don't confuse the two.

Don't invest in things you don't understand.

With an index fund, the certainty of keeping up with the market is a very worthwhile trade-off for the possibility of beating it.

Experiments have determined that at the emotional level, we feel the pain of a $100 loss twice as much as we enjoy the benefit of a $100 gain. Consequently, many people once burned by a stock market loss vow to never invest in it again. As Mark Twain said, "A cat who sits on a hot stove will never sit on a hot stove again, but he will probably never sit on a cold one either.

Being "fearless" isn't about being unafraid, it's about being TERRIFIED and still going for it.

To me fearless isn't not having fears, it's not that you're not afraid of anything. I think that being fearless is having a lot of fears, but you jump anyway.

I took a chance, I took a shot And you may think I'm bullet-proof, but I'm not You took a swing, I took it hard And down here from the ground I see who you are.

Being FEARLESS isn't being 100% Not FEARFUL, it's being terrified but you jump anyway...

Brain damage is never a good idea, no matter what your friends say.

Dive deep. Drown willingly

The only calibration that counts is how much heart people invest, how much they ignore their fears of being hurt or caught out or humiliated. And the only thing people regret is that they didn't live boldly enough, that they didn't invest enough heart, didn't love enough. Nothing else really counts at all.

A healthier and far more nuanced way to address the risk of heartworm is to calculate the first date that the local temperature consistently stays above 57 degrees and when it once again dips below that. For the mid-Atlantic states and New England, this would mean giving your dog its first monthly heartworm treatment around June and the last one in November—six months of taking a toxic chemical instead of twelve.

I am learning, as I make my way through my first continent, that it is remarkably easy to do things, and much more frightening to contemplate them.