Quotes About Risk

But the truth is a double-edged sword; it is a dangerous thing.

Then I'll go keep our crocodile friends busy." Niten's teeth flashed in a smile. "I'll try to leave a few for you." He stepped away and faded into the night. "Be careful," Prometheus called. A disembodied voice drifted out of the fog. "I was born for this. What's the worst that could happen?" "You could be killed and eaten by the Spartoi." "Doesn't frighten me.

You miss 100% of the shots you don't take

Fortis Fortuna adiuvat

Fortune favors the brave.

You miss 100% of the shots you don't take." - Wayne Gretzky

You miss 100% of the shots you don't make - Wayne Gretzky

You miss 100% of the shots you don't take. - Wayne Gretzky

In other words, a gun is twenty-two times more likely to be used in a criminal assault, an accidental death or injury, a suicide attempt, or a homicide than it is for self-defense.67

Behavioural economists have demonstrated experimentally that in order to get someone to take a gamble or to risk an investment, the potential pay-off must be about twice the potential loss. To get a person to toss a coin to win or lose $10 (students), or $10,000 (wealthy executives), the pay-off has to be greater than or equal to $20, or $20,000.

We are more willing to invest in defending what is already ours than we are to take what is someone else's, because the motivation to avoid losing what we already have is greater than the motivation of gaining what we don't yet have.

Selling covered calls is similar to buying a house and renting it to someone else. But instead of renting your house, you are renting your stocks.

Pilots sometimes called this "the 200th hour" – when you knew just enough, and were confident enough, to make your first really big fuck-up.

Moby-Dick: "Here goes for a cool, collected dive at death and destruction, and the devil fetch the hindmost.

What kind of asshat!" Aliyev actually screamed aloud, "Makes a grenade crate! That's fucking! Flammable!

Keep reports out of production Reports can, and should, be served elsewhere. Don't jeopardize

Integration points are the number-one killer of systems. Every single one of those feeds presents a stability risk.

Mother Nature is the greatest bioterrorist of them all, with no financial limitations or ethical compunctions.

All paths cause pain, so to chose the safe over the audacious will not give you less pain, only less beauty.

How much of a role does luck play in trading? In the long run, zero. Absolutely zero. I don't think anybody winds up make money in this business because they started out lucky.

Never let the fear of striking out get in your way. Babe Ruth

The 50–50–90 rule: Anytime you have a 50–50 chance of getting something right, there's a 90% probability you'll get it wrong. Andy Rooney

Trend trader Larry Hite put it another way: "There are four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose.

Clarifying trading and risk management systems until they can translate to computer code.