Alan Patricof Quotes

If you want to avoid all risks, soon you will have no risks to worry about.

When you have less risk, you have more fun. You can take risks. It's much easier to take risks when there's less money on the line.

I'm smart with my money, I invest conservatively. I don't mind paying top-dollar, but I don't want to get ripped off.

You can never protect yourself 100%. What you do is protect yourself as much as possible and mitigate risk to an acceptable degree. You can never remove all risk.

I seek as much as I can to mitigate risk.

Between calculated risk and reckless decision-making lies the dividing line between profit and loss.

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

The last thing you want to do, unless it's a very unusual situation, is to invest money.

In business, you try to minimise risk.

When I take a risk, I like it to be a calculated risk, meaning I make it as small as possible.

I think we need to think beyond the issue of absolute risk.

There is no elimination of all risks.

None of us live in a zero-risk world.

Risk taking in business is one thing. Risk taking in your personal safety is a different thing.

The best approach to risk is to identify and manage it.

Take calculated risks and limit your downside.

When something looks really risky from the outside, what people are doing on the inside - they're not professional risk takers. But they're probably professional risk mitigators.

However much risk we are taking, we can and probably should take more.

I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

I don't need a $100 million mistake. Try to make a $5 million mistake if you have to make one.

It's important to understand how people perceive risk, and how that translates into investment behavior.

Every business and every product has risks. You can't get around it.

The risks are 'How country can you go?' rather than 'How rock can you take it?'

The definition of 'safe' is not strictly an engineering term; it's a societal term. Does it mean absolutely no loss of life? Does it mean absolutely no contamination with radiation? What exactly does 'safe' mean?

Suning Appliance has no problem of financial risk. Do you think I'm risky? I'm definitely not risky.