Quotes About Risk

La gerencia tiene mucho más que ver con el mantenimiento de los procesos, las disciplinas y los sistemas que con el cambio de los mismos. Un buen líder, en cambio, aunque mantiene la estabilidad, debe tener la visión, la creatividad y sobre todo la capacidad para influir en sus colaboradores con el fin de que lo apoyen en los retos que implica llevar a una organización a territorios inexplorados, donde abundan los riesgos.

If I had refused to contemplate skydiving, hot-air ballooning or crossing the Atlantic in a boat, I think that my life would have been the duller for it. I never think that I am going to die by accident, but if I were to die then all I can say is that I was wrong, and the hardened realists who kept their feet on the ground were right. But at least I tried.

Steve did not have a death wish. He had the exact opposite. His appetite for life was so strong, it outweighed all fear. So what if his choices shortened his life? His choices filled his life, and enriched the lives of those around him.

when you make mistakes at least try to make them quickly.

Dream Big. Play Big. Take Risks !! Keep working towards things that really matter. It is only by being bold that you get where you wanna get.

If someone offers you an amazing opportunity and you're not sure you can do it, say yes - then learn how to do it later." Richard Branson

On 8 December 2003 we floated Virgin Blue on the stock market for A$2.3 billion. A$2.3 billion! This, the same airline we'd started with A$10 million only four years earlier, and had rejected a A$250 million offer for only two years previously.

In future just remember one thing: you're guaranteed to miss every shot you don't take.

Screw it. Let's do it.

Young, healthy communities can afford to roll the dice.

He either fears his fate too much / Or his deserts are small / That puts it not unto the touch / To win or lose it all.

I may have been in stage four, but I wasn't completely crazy. At least eighty-six journalists had been killed in Iraq, more than in any other conflict since World War II, and another thirty-eight had been taken hostage. More would die in the years to come. I knew I had to limit my movements and take special care when I did go out.

the worst thing about regret is that it makes you duck the chance of new regret, just as you get a glimmer that nothing is worth doing unless it has the potential to fuck up your whole life.

Some idiotic things are well worth doing.

PROBLEM 1. Assume yourself richer by $300 than you are today. You are offered a choice between A. A sure gain of $100, or [72%] B. A 50% chance to gain $200 and a 50% chance to lose $0. [28%] PROBLEM 2. Assume yourself richer by $500 than you are today. You are offered a choice between A. A sure loss of $100, or [36%] B. A 50% chance to lose $200 and a 50% chance to lose $0.

Unrealistic optimism is a pervasive feature of human life; it characterizes most people in most social categories. When they overestimate their personal immunity from harm, people may fail to take sensible preventive steps. If people are running risks because of unrealistic optimism, they might be able to benefit from a nudge. In fact, we have already mentioned one possibility: if people are reminded of a bad event, they may not continue to be so optimistic.

Markowitz's strategy can be viewed as one example of what might be called the diversification heuristic. "When in doubt, diversify.

special case of this rule of thumb is what might be called the "1/n" heuristic: "When faced with 'n' options, divide assets evenly across the options."3 Put the same number of eggs in each basket.

Recall that the more insurance you buy, the more you pay, and the right to sue is a form of insurance.

even when you are talking to the boss, you need to warn of the threat of an impending disaster.

The money that has recently been won is called "house money" because in gambling parlance the casino is referred to as the house. Betting some of the money that you have just won is referred to as "gambling with the house's money," as if it were, somehow, different from some other kind of money. Experimental evidence reveals that people are more willing to gamble with money that they consider house money.

we will see, loss aversion operates as a kind of cognitive nudge, pressing us not to make changes, even when

Hint: always take the largest deductible you can. It will save you a lot of money over the long run.)

When your neighbor tells you that you can't lose money buying (fill in the blank here) that is probably a good sign that it is time to get out of that type of investment.