Quotes About Risk

The student who elects to risk it all—which is nothing—to establish an online video rental service that delivers $5,000 per month in income from a small niche of Blu-ray aficionados, a two-hour-per-week side project that allows him to work full-time as an animal rights lobbyist.

Money in a business is like gas in your car. You need to pay attention so you don't end up on the side of the road. But your trip is not a tour of gas stations.

If you dare, then you have already gotten further ahead than 99 percent of all the others." Daniel Ek

You limit angel investment funds to 10 to 15% or less of your liquid assets. I subscribe to the Nassim Taleb "barbell" school of investment, which I implement as 90% in conservative asset classes like cash-like equivalents and the remaining 10% in speculative investments that can capitalize on positive "black swans.

Breaking your rules to co-invest with well-known investors is usually a bad idea, but following your rules when others reject a startup can work out extremely well.

Most of your startups will fail, so the successes need to make up for losses.

All courses of action are risky, so prudence is not in avoiding danger (it's impossible), but calculating risk and acting decisively. Make mistakes of ambition and not mistakes of sloth. Develop the strength to do bold things, not the strength to suffer." –Niccolò Machiavelli 16th-century Italian philosopher, dubbed "the father of modern political science," author of The Prince

Commit, within financial reason, to action instead of theory. Learn to confront the challenges of the real world, rather than resort to the protective womb of academia. You can control most of the risks, and you can't imagine the rewards.

Excuse me. I know this is going to sound strange, but if I don't ask you now, I'll be kicking myself for the rest of the day. I'm running to meet a friend [i.e., I have friends and am not a stalker], but I think you're really [extremely, drop-dead] cute [gorgeous, hot]. Could I have your phone number? I'm not a psycho—I promise. You can give me a fake one if you're not interested.

He had realized something while arcing in slow circles toward the earth—risks weren't that scary once you took them. His

Cubrir los inconvenientes: «Cada una de estas [personas] está obsesionada con no perder dinero. Pero

Sobre Richard Branson: «Lo primero que se plantea con cada negocio es: "¿Cuáles son los inconvenientes? ¿Y cómo me guardo de ellos?".

First, you could define failing simply as having a losing outcome, like losing a hand. But one of the lessons poker teaches you is that this is an unproductive way to define failure because you can win a hand by making very poor decisions and lose a hand while making very good decisions.

Riesgos y beneficios asimétricos:

Poker has taught me to disconnect failure from outcomes. Just because I lose doesn't mean I failed, and just because I won doesn't mean I succeeded—not when you define success and failure around making good decisions that will win in the long run.

Diversificación de riesgos: «Tienen

Uncertainty and the prospect of failure can be very scary noises in the shadows. Most people will choose unhappiness over uncertainty.

Economists typically attribute excessive bidding to risk aversion, or the joy of winning. What we found is that the actual cause of overbidding is a fear of losing, a completely new theory from past investigations.

What's on the other side of fear?" His answer is always, "Nothing.

risks weren't that scary once you took them.

To do or not to do? To try or not to try? Most people will vote no, whether they consider themselves brave or not. Uncertainty and the prospect of failure can be very scary noises in the shadows. Most people will choose unhappiness over uncertainty

There are no radical creative choices that do not carry with them an inherent risk of equally radical failure. You cannot do anything great without aggressively courting your own limits and the limits of your ideas.

In other words, I was risking an unlikely and temporary 3 or 4 for a probable and permanent 9 or 10,

Dejar de hacer algo por el mero hecho de que puedes hacerte daño es una razón nefasta para no actuar.