Quotes About Risk

Delegation means that he will concern himself with the results of their activities and not with the details of their day-to-day performance. This requires a degree of confidence in them which enables him to accept certain risks. Unless he takes these risks there will be no delegation.

Careful, Edmund," I said. "She eats guys for breakfast." "Should I pour milk on meself?" Edmund asked me, and grinned.

We were taking out mortgages we couldn't afford because they were camouflaged to look as if we had a reasonable chance of paying them back. Banks then changed the bankruptcy laws so that we could not get out of our obligations once the rates changed. Lastly, they sold us back our own mortgages, shifting back to us any of the risk through our money-market accounts and pension funds.

And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market accounts were made up largely of these "mortgage-backed securities.

And in movies you must be a gambler. To produce films is to gamble.

Diversification is the compliment that humility pays to uncertainty.

Understanding how to measure uncertainty is key to measuring risk. Understanding risk in a quantitative sense is key to understanding how to compute the value of information. Understanding the value of information tells us what to measure and about how much effort we should put into measuring it.

It is not too bold a statement to say that a software development project is one of the riskiest investments a business makes. For example, the chance of a large software project being canceled increases with project duration. In the 1990s, those projects that exceeded two years of elapsed calendar time in development had a default rate that exceeded the worst rated junk bonds (something over 25%).

what makes a measurement of high value is a lot of uncertainty combined with a high cost of being wrong.

as I have been thinking about this, I decided it might be better to be a broken man than a man who never risked breaking anything.

Fear of failure has always been my best motivator.

Conformity can be costly in a world of uncertainty.

The world is a better place not for persons who love to dare but for persons who dare to love".

opportunities are always lost when we let fear overrule our faith

A life of love is one of continual growth, where the doors and windows of experience are always open to the wonder and magic that life offers. To love is to risk living fully.

Courage is simply the willingness to be afraid and act anyway.

You will come to a place where the streets are not marked. Some windows are lighted. but mostly they're darked. But mostly they're darked. A place you could sprain both your elbow and chin! Do you dare to stay out? Do you dare to go in? How much can you lose? How much can you win?

Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do.

Smoke crack and die

You'll meet things that will scare you right out of your pants!

Dont ask permission, just ask forgiveness.

Careful what you wish for; you just might get it all.

Cause you know, life is what we make it and a chance is like a picture, itd be nice if you just take it.

Anytime you're afraid to try something new...just remember, amateurs built the ark, professionals built the Titanic.