Quotes About Risk

It's extremely difficult—and socially risky—to question an established model that many people believe and to start building a new model from scratch.

Merton ... humbly warned, however, "It's a wrong perception to believe that you can eliminate risk just because you can measure it.

As Fama put it, "Life always has a fat tail.

If Wall Street is to learn just one lesson from the Long-Term debacle, it should be that. The next time a Merton proposes an elegant model to manage risks and foretell odds, the next time a computer with a perfect memory of the past is said to quantify risks in the future, investors should run—and quickly—the other way. On Wall Street, though, few lessons remain learned.

Graham's first goal was never to make money—it was to avoid losing any.

You can overintellectualize these Greek letters," Pflug reflected, referring to the alphas, betas, and gammas in the option trader's argot. "One Greek word that ought to be in there is hubris.

Once a typhoon breaks loose in markets, there is no telling where it will go.

It seems that now is the time to take risks and strike.

At our company, our Design and Construction Consulting Service Team not only helps eliminate the risks inherent in the construction process, they typically save our clients 5% - 10% on overall construction costs. They also help make sure projects come in on time.

Occasionally, there arises a writing situation where you see an alternative to what you are doing, a mad, wild gamble of a way for handling something, which may leave you looking stupid, ridiculous or brilliant -you just don't know which. You can play it safe there, too, and proceed along the route you'd mapped out for yourself. Or you can trust your personal demon who delivered that crazy idea in the first place. Trust your demon.

the headwaters of Shit Creek are a cruel and treacherous expanse.

In America, if you succeed, you get sued. If nobody is suing you in America, you haven't made it there.

some point you had to risk the ridicule of the mob, of your own internalized voices, and try to see clearly what had been set in front of you in this life, and try to act on that as bravely and honestly as you could, no matter what kind of rules you'd previously been living by.

There's nothing wrong with a little fear. Being fearful can save your life-it's saved mine on more than one occasion-but too much fear can stop you from living.

This is Simba," Nicole said, pointing to the lion. "Is he dangerous?" Asked Chase. "Not really. He mauled a trainer, but nothing much.

There are gators, thousands of them. " said Rashawn. " Then we better get out of here before we end up as a feast for gators." said Nicole. " What are going to do with him?" looking at the dead driver. " Let's get out of here and let him be the feast

Pro and con lists—one of my previous favorites—are just as bad. If it's important to you, and you want to do it eventually, just do it, and correct course along the way. Fortune favors the bold.

Adventurous men enjoy shipwrecks, mutinies, earthquakes, conflagrations, and all kinds of unpleasant experiences," wrote Bertrand Russell. "They say to themselves, for example, 'So this is what an earthquake is like,' and it gives them pleasure to have their knowledge of the world increased by this new item.

We need sometimes to escape into open solitudes, into aimlessness, into the moral holiday of running some pure hazard, in order to sharpen the edge of life, to taste hardship, and to be compelled to work desperately for a moment no matter what. —GEORGE SANTAYANA, "THE PHILOSOPHY OF TRAVEL

Intimacy requires courage because risk is inescapable. We cannot know at the outset how the relationship will affect us. Like a chemical mixture, if one of us is changed, both of us will be. Will we grow in self-actualization, or will it destroy us? The one thing we can be certain of is that if we let ourselves fully into the relationship for good or evil, we will not come out unaffected.

Riskless warfare in pursuit of human rights is a moral contradiction. The concept of human rights assumes that all human life is of equal value. Risk-free warfare presumes that our lives matter more than those we are intervening to save.

Aimer est une aventure sans carte et sans compas où seule la prudence égare.

During all those years, you know, in the maquis, I was always asking myself whether it was for liberty, for France, that I was risking my life, or whether it was simply to keep up my self-image. Give me a whiskey, will you? I sat down. — Anyhow, I am not going to change that image.

Dia prova di prudenza, è sempre una buona scusa. Oppure parta con me domani. Non faccia la sciocchezza di perdersi qualcosa per eccesso di esperienza. Parta con me, dia una possibilità all'impossibile. Non ha idea di quanto l'impossibile non ne possa più, e a che punto abbia bisogno di noi.