Quotes About Risk

Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.

We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. Some great businesses have very volatile returns - for example, See's [a candy company owned by Berkshire] usually loses money in two quarters of each year - and some terrible businesses can have steady results.

Innovation implies high risk, and with high risk comes failure, so you've got to be prepared for that, but if you don't risk, then your business goes stale very quickly.

Scientists are telling us that 350 parts per million [of carbon] in the atmosphere is the upper limit. We're at 387 parts per million now, and we're up in that zone where the risk of going past irrevocable tipping points is elevated. It's no different than going to a doctor and learning your cholesterol is too high, and you're at risk for a heart attack. You have to work to lower your cholesterol and hope to get there before the heart attack comes.

As the opportunity grows for unlimited growth and progress, the chances of failure increase. There is no such thing as a program that will provide security and growth and progress with no risk . . . even within the church. As freedom for unrestricted development is enhanced, the possibilities for failure are also increased. The risk factor is great.

I think we need a politics that allows us to risk what is intelligible. To be maybe slightly unintelligible, too be slightly "illisible". To take the risk of suggesting that the human form might take another form.

In terms of getting people to experiment more and take more risk, there are at least three things that immediately come to my mind. Number one, of course, is role-modeling it yourself. Number two is when people take intelligent, smart risks and yet it doesn't work out, not shooting them. And number three, being honest with yourself. If the culture you have is radically different from an experiment and take-risk culture, then you have a big change you going to have to make—and no little gimmicks are going to do it for you.

Bombing embassies or destroying non-military installations like the World Trade Center is no jihad. “[T]hose who launched the Sept. 11 terrorist attacks not only killed thousands of innocent people in the United States but also put the lives of millions of Muslims across the world at risk. Bin Laden is not a prophet that we should put thousands of lives at risk for.

This is how a man looks when he's deciding that the risk of death is better than the risk of change.

If I limit myself to knowledge that I consider true beyond doubt, I minimize the risk of error but I maximize, at the same time, the risk of missing out on what may be the subtlest, most important and most rewarding things in life.

I like to control the risk I take. And when risk is taken out of my hands, it frustrates me.

If something inside of you is real, we will probably find it interesting, and it will probably be universal. So you must risk placing real emotion at the center of your work. Write straight into the emotional center of things. Write toward vulnerability. Risk being unliked. Tell the truth as you understand it. If you’re a writer you have a moral obligation to do this. And it is a revolutionary act—truth is always subversive.

To hope is to risk frustration. Make up your mind to risk frustration.

Most of us who become experimental physicists do so for two reasons; we love the tools of physics because to us they have intrinsic beauty, and we dream of finding new secrets of nature as important and as exciting as those uncovered by our scientific heroes. But we walk a narrow path with pitfalls on either side. If we spend all our time developing equipment, we risk the appellation of "plumber," and if we merely use the tools developed by others, we risk the censure of our peers for being parasitic.

The smart strategist allows strategy to be shaped by events. Good reactions can make great strategy. Strategy involves competition of goals, and the risk is the difference between those goals and the ability of the organization to achieve them. So part of the risk is created by the strategy.

It may seem like a big risk to follow your dream, but isn't the greatest risk of all to miss your life?

Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much.

Do you want me to tell you something really subversive? Love is everything it's cracked up to be. That's why people are so cynical about it. It really is worth fighting for, being brave for, risking everything for. And the trouble is, if you don't risk anything, you risk even more.

Some see risk as a reason not to try. Some see it as an obstacle to overcome. The risk is the same; to try or not depends on your perspective.

there is no gain without risk, perhaps no risk without love.

Of course I’ll hurt you. Of course you’ll hurt me. Of course we will hurt each other. But this is the very condition of existence. To become spring, means accepting the risk of winter. To become presence, means accepting the risk of absence.

Making art is nothing but risk, always. If it's not risk, it's no good.

Individual versus group selection results in a mix of altruism and selfishness, of virtue and sin, among the members of a society. If one colony member devotes its life to service over marriage, the individual is of benefit to the society, even though it does not have personal offspring. A soldier going into battle will benefit his country, but he runs a higher risk of death than one who does not. An altruist benefits the group, but a layabout or coward who saves his own energy and reduces his bodily risk passes the resulting social cost to others.

The entrepreneurial struggle is the same at basically every stage in the sense that there's maybe slightly less risk but strategic issues are generally always the same. Now there's so much existential risk from another company either being able to compete or to disrupt you in the same way you're disrupting somebody else, an entrepreneur needs a real steady partner who has the ability to start working with them in the Seed or the A and be credible and value-add with strategic advice, and just be backstopped by so much capital that you can do any growth round or even a public round.

The best stuff happens when you take a chance. When you risk something and do the thing that the other people are taking a chance on, on a network kind of level, they will be rewarded. You know, risk-reward.

Admittedly, there is a risk in any course we follow other than this, but every lesson in history tells us that the greater risk lies in appeasement, and this is the specter our well-meaning liberal friends refuse to face.

You can't do things unexpected in life if you're not willing to take a risk, and it's easier to risk your own life than it is for your parent to watch you take risks. It's very, very hard for parents to see children doing things that aren't a solid path. I've been through that.

An essential element of any art is risk. If you don't take a risk then how are you going to make something really beautiful, that hasn't been seen before?

The thing about taking risks is, if it’s really a risk, you really can fail. It’s only a pretend risk if you really can’t fail.

Never risk more than 1% of total account equity on any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.

Most estimates of the mortality risk posed by asteroid impacts put it at about the same risk as flying in a commercial airliner. However, you have to remember that this is like the entire human race riding the plane - it is one of the few risks that really could wipe us all out.

Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral.

Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference.

So the controversy over Duck Dynasty sends a clear signal to anyone who has anything to risk in public life: Say nothing about the sinfulness of homosexual acts or risk sure and certain destruction by the revolutionaries of the new morality. You have been warned.

I think actors, at a certain point in their careers, decide they're either going to keep taking risks or take the exact same risk over and over again so that it's not a risk anymore. That's when I don't want to work with them. I think there are some actors who are just doing the exact same thing, and they will never shift from it.

Death is not the biggest fear we have; our biggest fear is taking the risk to be alive - the risk to be alive and express what we really are.

I'm not an expert on how to configure the sport, but I can observe and say that accidents seem to be a part of it. The athletes are incredible, with the courage that they accept the risk of death, paralysis, and brain injury. These are really life-changing, life-threatening injuries, and the risk is extremely high.

I think clarity is the real risk in poetry because you are exposed. You're out in the open field. You're actually saying things that are comprehensible, and it's easy to criticize something you can understand.

Now we have two choices in life: have sex with the same person forever or risk a terminal disease. Either way, your life is over.

All right, I'll take a chance. I will fall in love with you. If i'm a fool you can have the night, you can have the morning too. Can you cook and sew. make flowers grow. Do you understand my pain? Are you willing to risk it all or is your love in vain?

Not all activities are equal in this regard. Those that involve genuine concentration—studying a musical instrument, playing board games, reading, and dancing—are associated with a lower risk for dementia. Dancing, which requires learning new moves, is both physically and mentally challenging and requires much concentration. Less intense activities, such as bowling, babysitting, and golfing, are not associated with a reduced incidence of Alzheimer’s. (254)

While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology.

Since I knew I was going to make a film that was purely about emotions, and I knew that I ran the risk of being accused of amnesia relating to the social film, to prevent this I decided it would be good to have characters who were on the margins of society. These are characters for whom love is really the only way to know that they're alive.

Creating a classroom environment that encourages students to take the risk of learning. We've known for a long time that when students lack a sense of safety or of belonging or of contribution, learning takes second place to meeting those needs.

To win, you have to risk loss.

Successful or not, acts of physical courage always bring honor. It is the smaller forms of valor - standing up for principle at the risk of social disapproval, economic loss or injury to career - that require the greatest moral will power. Since there is usually little upside to winning and a significant and often lasting downside to losing, moral courage often requires as much character as physical bravery.

The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome.

Most investors are primarily oriented toward return, how much they can make and pay little attention to risk, how much they can lose.