Quotes About Risk

When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.

Derivatives trading should be standardized and as much as possible moved to clearinghouses.

Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.

Trading is very competitive and you have to be able to handle getting your butt kicked.

My principal contribution to the Black-Scholes option-pricing theory was to show that the dynamic trading strategy prescribed by Black and Scholes to offset the risk exposure of an option would provide a perfect hedge in the limit of continuous trading.

Margin trading will drive the lion's share of our revenue, which is like a loan that lets people have more money to trade with.

'Prop trading' is just a fancy term for banks gambling in the market for their own profit.

We never know what the Street is going to do with the funky trading.

Proprietary trading does not belong in banks with FDIC insurance.

Following the herd is fine, until they all run off the side of a cliff together.

There was a time when people thought that if you piled a bunch of mortgages together, the top of the pile was AAA. There are a lot of things that become consensus.

Experiments that crash atoms together could start a chain reaction that erodes everything on Earth.

Together we all live every moment On the very brink; The razor's edge Of ecstasy or disaster.

The window was open for us to play in the consumer as data, voice, video came together. This is where you have to have the courage to take good business risks because if you don't, you never win.

Adventure is worthwhile.

I think this land may bee profitable to those that will adventure it.

We live at the edge of the world, so we live on the edge. Kiwis will always sacrifice money and security for adventure and challenge.

Life should not be a journey to the grave with the intention of arriving safely in a pretty and well-preserved body.

If you think adventure is dangerous, try routine; it is lethal.

Do not follow where the path may lead.

As you grow older, you'll find the only things you regret are the things you didn't do.

Be careful going in search of adventure - it's ridiculously easy to find.

Music should always be an adventure.

Perfect is boring and dreams are not real. Just... do. So you think, "I wish I could travel." Great. Sell your crappy car, buy a ticket to Bangkok, and go. Right now. I'm serious.