Risk Quotes

There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things.

You cannot buy players and know, for sure, that they can deliver. You cannot know because football is a team sport.

With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.

Listen to me: everything you think you know, every relationship you've ever taken for granted, every plan or possibility you've ever hatched, every conceit or endeavor you've ever concocted, can be stripped from you in an instant. Sooner or later, it will happen. So prepare yourself. Be ready not to be ready. Be ready to be brought to your knees and beaten to dust. Because no stable foundation, no act of will, no force of cautious habit will save you from this fact: nothing is indestructible.

You miss 100 percent of the shots you never take.

I think to be courageous, you have to be afraid. For me, it feels very courageous when I go skiing because I'm very, very afraid to ski. It's dangerous! I feel very scared. But when I'm acting, I don't feel very scared.

One minute can decide the outcome of the battle, one hour - the outcome of the campaign, and one day - the fate of the country.

We need a science to save us from science.

No one who wears a crown is ever safe.

Half a man's wisdom goes with his courage.

If you risk nothing, then you risk everything.

To love is to suffer and there can be no love otherwise.

There's a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.

It is hard to fail, but it is worse never to have tried to succeed.

I prefer dangerous freedom over peaceful slavery.

The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out.

The greatest existential risks over the coming decades or century arise from certain, anticipated technological breakthroughs that we might make in particular, machine super intelligence, nanotechnology and synthetic biology. Each of these has an enormous potential for improving the human condition by helping cure disease, poverty, etc. But one could imagine them being misused, used to create powerful weapon systems, or even some kind of accidental destructive scenario, where we suddenly are in possession of some technology that's far more powerful than we are able to control or use wisely.

If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.

A management decision is irresponsible if it risks disaster this year for the sake of a grandiose future.

It is better to be approximately right than to be precisely wrong.

There's something about being afraid, about being small, about enforced humility that draws me to climbing.

To love at all is to be vulnerable.

The greater your dreams, the more terrible your nightmares.

It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.

He used often to say there was only one Road; that it was like a great river: its springs were at every doorstep, and every path was its tributary. 'It's a dangerous business, Frodo, going out of your door,' he used to say. 'You step into the Road, and if you don't keep your feet, there is no knowing where you might be swept off to.