Quotes About Risk

one of the leader's most valuable but least valued contributions is avoiding trouble, not addressing it once it's occurred).

The power of collecting and disbursing money at pleasure is the most dangerous power that can be entrusted to man

Trying to rely on the sheer good luck of avoiding bad outcomes indefinitely would simply guarantee that we would eventually fail without the means of recovering.

Adventure is somebody else in deep shit, far, far away

When my mom pulled the trigger my dad had a full house, three fives and a pair of ducks. He was all in. The paper says although dead, he ended up winning seven grand. I once heard someone on tv say we die as we lived. That sounds about right.

You must learn to take risks in a calculated way. The worst sin is not to be able to understand the risks you face, either because you are so risk-averse that you say "No" to everything or because you have no risk filter whatsoever.

Playing safe is often the riskiest thing you can do in a career. If you stand still, the odds are overwhelming that the world will leave you behind.

When you look at the results on an after-fee, after-tax basis, over reasonably long periods of time, there's almost no chance that you end up beating the index fund.

El corazón, pese a estar siempre lleno de vacilaciones y de incertidumbres, te impulsa a hacer algo, a actuar, para que nunca puedas lamentar no haberlo intentado todo

Anyone who exposes himself to the Devil, even in a movie, is exposing himself to real danger.…

The gambling impulse even predates humanity: A variety of animals, from bees to primates, embrace risk for a chance at reward. A 2005 Duke University study found that macaque monkeys preferred to follow a "riskier" target, which gave them varying amounts of juice, over a "safe" one, which always gave the same—they just like gambling.

The invention of agriculture about ten thousand years ago triggered a revolution in human living that would ultimately lead to cities, commerce, and money—and a dramatic expansion in gambling.

Petrarch warned that "what you won, a thousand will wrest from you here and there; what you lose, no one will give back to you." Even when a winner, he reasoned, the gambler did not truly profit.

Petrarch declared that all money was unstable, whirling away "possibly due to the roundness of the coins," further elaborating that money won by gambling was the least stable of all.

It is no wonder that most who came to the goldfields in search of wealth returned home empty handed. Running a gambling house was the easiest way to mine for gold.

Of course, the most common pitch for Bitcoin is much simpler: you might get rich for free. People will say and do any ridiculous thing if they might get rich for free. The one really consistent ideology in Bitcoin is: "number go up.

was glaringly obvious that a new currency at Facebook scale would be a systemic risk — it would be big enough to break everything. Regulators and legislators had Libra's number immediately — they knew this kind of foolishness, and they knew that these Bitcoin venture capital bros were absolutely stupid and arrogant enough to do another 2008 financial crisis all by themselves.

The problem with the gene pool is that there's no lifeguard.

Choisir un film pour quelqu'un est une chose risquée. En un sens, c'est aussi révélateur que de lui écrire une lettre. Ça expose notre façon de penser, ça parle de ce qui nous émeut, ça peut même parfois exhiber la façon dont nous pensons être perçu par le monde.

I always wonder how banks manage to go bankrupt at all considering they can just make up the money, and especially, what is stopping them from lending money to themselves.

all real progress in social science has been rooted in the courage to say things that are, in the final analysis, slightly ridiculous:

Still, the ground was only really prepared for capitalism in the familiar sense of the term when the merchants began to organize themselves into eternal bodies as a way to win monopolies, legal or de facto, and avoid the ordinary risks of trade.

A warrior's honor is his willingness to play a game on which he stakes everything. His grandeur is directly proportional to how far he can fall.

We fail more often by timidity than by over-daring.