Quotes About Risk

Well, lion tamers are probably difficult to live with—I suppose there's no small amount of testosterone involved in taming lions," Vargas said, shrugging.

Cowards die many times before their deaths; the valiant never taste of death but once

the first chair headed down the mountain would be Molly's last chairlift. Willy

It's what all the great agents do: they make the most incredible and illogical advice sound reasonable, they make you go ahead without fear, and that way you get it, you get more or less what you want, or you get something, anyway; at least you don't end up with nothing when you go ahead without fear, when you lunge into the darkness as if you were operating on the soundest advice in the world.

When you write vaguely, you are always vulnerable.

There was life in outer space, but you didn't want to get it on you.

there was always risk; always the promise of pain— But the promise of love was stronger.

poor, or take a little chance

More than once, during the Sicilian campaign, he put the whole operation at serious risk.

Aunque todo lo demás falle, siempre podemos asegurarnos la inmortalidad cometiendo algún error espectacular.

Three simple rules - pay less, diversify more and be contrarian - will serve almost everyone well.

Figure 1: The incidence of banking crises Source: Own calculations, based on the reported numbers of major bank failures in OECD economies, from Reinhart and Rogoff (2010)

Too big to fail' takes responsibility for the supervision of credit risks away from market participants and places it more or less exclusively in the hands of regulators: a duty that in this instance (and many others) they were not capable of discharging.

in his farewell address, Greenspan did warn that 'History has not dealt kindly with the aftermath of protracted periods of low risk premiums'.17 In that, he was certainly correct.

The use of leverage can promote efficiency by enabling risk to be held and managed more efficiently. But the use of leverage provides opportunities for tailgaters and gamblers with other people's money, and creates many opportunities to fall victim to the winner's curse.

I leaped headlong into the Sea, and thereby have become more acquainted with the Soundings, the quicksands, and the rocks, than if I had stayed upon the green shore, and piped a silly pipe, and took tea and comfortable advice.

In Endymion I leaped headlong into the sea, and thereby have become better acquainted with the soundings, the quicksands, and the rocks, than if I had stayed upon the green shore, and piped a silly pipe, and took tea and comfortable advice.

I should have known that every time I open the door of my room I am literally opening a Pandora's Box.

In economics, it is often professionally better to be associated with highly respectable error than uncertainly established truth.

The second factor contributing to speculative euphoria and programmed collapse is the specious association of money and intelligence.

All crisis have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

The rule will often be here reiterated: financial genius is before the fall. I

the speculative episode always ends not with a whimper but with a bang.

Speculation buys up, in a very practical way, the intelligence of those involved.