Quotes About Security

just avoiding being hurt by them would have been sufficient.

It hit me that the rich were natural targets;

hackers make systems stronger.

and lack of vigilance on the part of the bank.

because these professions are more immune to randomness.

While a ten-year survival rate for a trader is in the single digits, that of a risk manager is close to 100%).

Such income provides them some insulation from randomness.

few want to jeopardize their jobs and reputation for the sake of change.

have some element of loss aversion.

But you are already there; why take more risks?

With a little bit of luck a computer virus will wipe out all records and free people from their past mistakes.

Instead of having medium risk, you have high risk on one side and no risk on the other.

Success brings an asymmetry: you now have a lot more to lose than to gain.

Retirees get less upside than downside.

They were financially free, and secure, not because of their means but because of their lack of wants.

When you become rich, the pain of losing your fortune exceeds the emotional gain of getting additional wealth, so you start living under continuous emotional threat.

possessions make us worry about downside, thus acting as a punishment as we depend on them.

forcing us to add an extra layer of protection

You are buying dependability.

an employee is also a risk-management strategy.

people do not realize that success consists mainly in avoiding losses, not in trying to derive profits.

los «modernos» intentan innovar partiendo de una situación de comodidad, seguridad y previsibilidad en lugar de aceptar la noción de que la inventiva surge de la necesidad.

This is called a stop loss, a predetermined exit point, a protection from the black swan.

It is exactly like saying that nuclear bombs are safer because they explode less often.