Asa Hutchinson Quotes

There is no such thing as perfect security, only varying levels of insecurity.

Last year, customs officials screened only five percent of the 11 million cargo containers entering the United States. That rate is both unacceptable and dangerous to our national and economic interests.

I would urge that we all use a little bit of caution in dealing with an issue that is so vital to our national security.

The reward is in the risk.

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

It's a very wise thing for people to rationally sit down and look at what the risks are not only on a daily basis, on a weekly basis, on a monthly basis, on a yearly basis, on a lifetime basis, and then plan one's life accordingly.

I've never counted my chickens before they've hatched.

The question to ask when you look at security is not whether this makes us safer, but whether it's worth the trade-off.

I learned to embrace risk, as long as it was well thought out and, in a worst-case scenario, I'd still land on my feet.

Rather than reacting to every risk we hear and see, we should make an effort to discern which ones we can do something about.

I will ride my luck on occasion, but I like to pick the occasion.

So there might be a kind of collective effort that allows for those risks to be taken, pose a certain danger but not a suicidal one.

I think that's something that investment banks have worried about for a long time and are continuing to worry about, but it's not an easy solution when you have lots of people betting the company's money, how do you really allocate those risks? How do you make sure that the people that take the risks are feeling the risks in an appropriate kind of fashion?

The entrepreneurial mind-set is that risk is the heightened probability that there is a big range of possible outcomes.

I compensate for big risks by always doing my homework and being well-prepared. I can take on larger risks by reducing the overall risk.

It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.

The larger the corporation, the greater the risk that you are flying blind.

Sometimes I think we can tell how important it is to risk by how dangerous it is to do so.

But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.

It is better to have a bad plan than no plan.

There is no such thing as high returns without risk.

Good planning avoids the need for fixing up a project that plowed ahead without thought... about potential pitfalls.

A 99% Value-at-Risk calculation does not evaluate what happens in the last one percent... This is like an airbag that works all the time, except when you have a car accident.