“Here’s the key to understanding risk: it’s largely a matter of opinion.”
— Howard Marks
“The best way to minimize risk is to think.”
“Our primary frontier of risk management isn’t wide diversification, but the quality of the individual businesses, their balance sheets, and the people who run them.”
— Chuck Akre
“There’s a big difference between probability and outcome: probable things fail to happen—and improbable things happen—all the time. That’s one of the most important things you can know about investment risk.”
— Howard Marks
Life is an ongoing process of choosing between safety (out of fear and need for defense) and risk (for the sake of progress and growth). Make the growth choice a dozen times a day.
The more you feel the urge to speak, the greater the risk that you’ll say something stupid.
—Leo Tolstoy
It is better to risk saving a guilty person than to condemn an innocent one.
—Voltaire
Every person has a right to risk their own life for the preservation of it.
—Jean-Jacques Rousseau
To know what life is worth you have to risk it once in a while.
—Jean-Paul Sartre
The best people possess a feeling for beauty, the courage to take risks, the discipline to tell the truth, the capacity for sacrifice. Ironically, their virtues make them vulnerable; they are often wounded, sometimes destroyed.
—Ernest Hemingway
To recognize untruth as a condition of life–that certainly means resisting accustomed value feelings in a dangerous way; and a philosophy that risks this would by that token alone place itself beyond good and evil.
—Friedrich Nietzsche
To recognize untruth as a condition of life–that certainly means resisting accustomed value feelings in a dangerous way; and a philosophy that risks this would by that token alone place itself beyond good and evil.
—Friedrich Nietzsche
Devout believers are safeguarded in a high degree against the risk of certain neurotic illnesses; their acceptance of the universal neurosis spares them the task of constructing a personal one.
—Sigmund Freud