Quotes About Risk

anxious executives continued to exploit what had made the company successful in the first place and avoided exploring new innovations and growth. That kind of exploit-over-explore outlook is likely to leave the company larder bare of new products and put it at risk of becoming the next Blockbuster, Polaroid, or Compaq

The only trump card I have to beat is the bluff."

Today I have a heated pool, but I've swam with a lot of sharks."

You don't get rich by saving your thinking."

There comes a point in your moviegoing life where you look at the screen and then you look at the world and you ask, 'What is going on?' You want the movies to show you the chaos and mess and risk and failure that are normal for a lot of us. Generally, the movies hide all of that.

anyone who doesn't make mistakes isn't trying hard enough.

A witness, in the sense that I am using the word, is a man whose life and faith are so completely one that when the challenge comes to step out and testify for his faith, he does so, disregarding all risks, accepting all consequences.

Life is not worth living for which a man is not prepared to die at any moment.

When I write software, I know that it will fail, either due to my own mistake, or due to some other cause.

When I look back on most of my life, it breaks my heart that when my brain was unloading an endless pile of what ifs on me, it never asked, "What if I go do this thing that I want to do, and it's . . . fun? What if I enjoy myself, and I'm really glad I went?

Sometimes we know in our bones what we really need to do, but we're afraid to do it. Taking a chance and stepping beyond the safety of the world we've always known is the only way to grow, though and without risk there is no reward.

Bir ?eyin ters gitmesi kötü de?ildir, sadece hiçbir ?eyi denememi? olmak kötüdür.

Because adherence to standard operating procedures is difficult to second-guess, decision makers who expect to have their decisions scrutinized with hindsight are driven to bureaucratic solutions—and to an extreme reluctance to take risks.

Organizations that take the word of overconfident experts can expect costly consequences.

You just like winning and dislike losing—and you almost certainly dislike losing more than you like winning.

premortem. The procedure is simple: when the organization has almost come to an important decision but has not formally committed itself, Klein proposes gathering for a brief session a group of individuals who are knowledgeable about the decision. The premise of the session is a short speech: "Imagine that we are a year into the future. We implemented the plan as it now exists. The outcome was a disaster. Please take 5 to 10 minutes to write a brief history of that disaster.

Risk" does not exist "out there," independent of our minds and culture, waiting to be measured. Human beings have invented the concept of "risk" to help them understand and cope with the dangers and uncertainties of life. Although these dangers are real, there is no such thing as "real risk" or "objective risk.

Bernoulli observed that most people dislike risk (the chance of receiving the lowest possible outcome), and if they are offered a choice between a gamble and an amount equal to its expected value they will pick the sure thing. In fact a risk-averse decision maker will choose a sure thing that is less than expected value, in effect paying a premium to avoid the uncertainty.

Decision makers tend to prefer the sure thing over the gamble (they are risk averse) when the outcomes are good. They tend to reject the sure thing and accept the gamble (they are risk seeking) when both outcomes are negative. These conclusions were well established for choices about gambles and sure things in the domain of money.

Even in countries that have been targets of intensive terror campaigns, such as Israel, the weekly number of casualties almost never came close to the number of traffic deaths.

there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.

Burton Malkiel's wonderful book A Random Walk Down Wall Street.

As Nassim Taleb has argued, inadequate appreciation of the uncertainty of the environment inevitably leads economic agents to take risks they should avoid. However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers.

traffic deaths.