Quotes About Risk

By the time I've spent $1 million on tickets, I'm going to end up with something strikingly close to $560,000.

The law of large numbers explains why casinos always make money in the long run.

The broader lesson—and one of the core lessons of personal finance—is that you should always insure yourself against any adverse contingency that you cannot comfortably afford to withstand. You should skip buying insurance on everything else.

The decision tree lets you know that your expected payoff is far higher than what you are being asked to invest.

On the other hand, the most likely outcome, meaning the one that will happen most often, is that the company will not discover a cure for baldness and you will get only $250,000 back.

The law of large numbers suggests that an investment firm, or a rich individual like Warren Buffet, should seek out hundreds of opportunities like this with uncertain outcomes but attractive expected returns. Some will work; many won't. On average, these investors will make a lot of money, just like an insurance company or a casino.

Something really wacky happens when rice bankers start loaning out other people's capital: money is created.

Second, even if the underlying data could accurately predict future risk, the 99 percent assurance offered by the VaR model was dangerously useless, because it's the 1 percent that is going to really mess you up.

Why didn't I go in? I'm such a chicken. I'm such an idiot. I should have kissed her. I've blown it. I should just go and knock on her door and just kiss her. It would be romantic. It would be something we could someday tell our kids. I'm gonna do that right now. [drives away]

I can't help thinking that caring possibly is the riskiest enterprise known to man. But how stop caring?

But on several occasions when the opportunity had been there and all that had been required of her was to say yes, she's said no instead. Something of great magnitude had been lost, some fundamental ability within her had shut down for good, leaving her incapable of risking commitment. (less)

And last but not least, go for it. Go wherever you can afford to go with whomever you can get to go with you.

He told me that people whose default is fear tend to second-guess everything they do. They tend to be indecisive, and many end up leading very safe lives. They are not interested in risk or adventure—

It is possible to chip your tooth while eating gummy bears when a plane is landing.

The word "future" and females is a dangerous combination.

The inquisitive monkey gets a bullet in the face.

If you want to experience the ultimate thrill, you have to be willing to pay the ultimate price."   —Big wave rider, Mark Foo

My mother groaned, my father wept, into the dangerous world I leapt. —William Blake

1)BEING A POET is like opening a car door & exposing yourself. (2)BEING A GOOD POET is like opening the door & exposing the passenger as well.

From filmmakers to bloggers, producers of all sorts that start in the Tail with few expectations of commercial success can afford to take chances. They're willing to take more risks, because they have less to lose. There's no need for permission, a business plan, or even capital. The tools of creativity are now cheap, and talent is more widely distributed than we know.

The quickest, easiest way to produce something beautiful and lasting is to risk making something horribly crappy.

The first law of exuberant imperfection is essentially this: The quickest, easiest way to produce something beautiful and lasting is to risk making something horribly crappy.

The message, if you think about it this way, is all about taking chances because fate or destiny or God will protect you. Take a risk, have a little faith. It's all about life, not death.

She did it because it was, like so much else that made her happy, dangerous and self-destructive and just a little bit sick.