A Quote by Anthony Giddens
High-consequence risks have a distinctive quality. The more calamitous the hazards they involve, the less we have any real experience of what we risk: for if things 'go wrong', it is already too late.
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High-consequence risks form one particular segment of the generalised 'climate of risk' characteristic of late modernity - one characterised by regular shifts in knowledge-claims as mediated by expert systems.
If your child's going to ride in a car or go swimming or play soccer, all of those things involve risk. And if your child doesn't do any of those things, then they're probably sitting too much, and that involves risk, too.
there are risks you'll take for yourself because you know that if your plan goes wrong, it'll be too late for regrets. but if you risk the lives of others and fail, you'll have a lifetime to regret it.
The thesis that risk assessment itself is inherently risky is nowhere better borne out than in the area of high-consequence risks.
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.
Natural hazards, however formidable, are inherently less dangerous and less uncertain than fighting hazards. All conditions are more calculable, all obstacles more surmountable than those of human resistance.
In New York the stakes are so high. In urban centers the stakes are so high. You marry the wrong person, you go to the wrong college, you take the wrong job. Any of these things could really get you in trouble down the road. Or in your mind anyway. You're afraid to make any move, it's paralyzing.
On climbs, there is a general way we manage fear. We look at things objectively, separating out perceived risk from real risk. You can really bring down the level of fear by knowing the real risks and setting aside the others. You also know that panicking just makes things worse.
When you're fearless, you take more risks because you're less conscious of failure or what can go wrong.
The thing is doing it, that's what it's all about. Not in the results of it. After all what is a risk? It's a risk not to take risks. Otherwise, you can go stale and repeat yourself. I don't feel like a person who takes risks. Yet there's something within me that must provoke controversy because I find it wherever I go. Anybody who cares about what he does takes risks.
The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me that the real things you want to hedge are real risks, for example, risks in innovation. The fact is that you'd like companies to be able to take bigger chances. Presumably one obstacle to successful R&D, particularly when the costs are large, are the risks involved.
While it may be theoretically possible to demonstrate the risks inherent in any treaty... the far greater risk to our security are the risks of unrestricted testing, the risks of a nuclear arms race, the risks of new nuclear powers.
Sociopaths are not inhibited by the notion that it's wrong to be addicted, or wrong to buy illegal drugs. Also, drinking or taking drugs can be a lot of fun, and even if it's not, it can dull that painful boredom for a while. So can certain other things, like taking risks, and particularly if you take a risk-averse person and you can manipulate him or her into taking risks, that's really fun.
There are only a few things investors can do to counteract risk: diversify adequately, hedge when appropriate, and invest with a margin of safety. It is a precisely because we do not and cannot know all the risks of an investment that we strive to invest at a discount. The bargain element helps to provide a cushion for when things go wrong.
Unlike most of life, what you do really matters. Your actions have real consequences. You have to pay attention and focus, and that's very satisfying. It forces you to pay great attention and you lose yourself in the task at hand. Without the risk, that wouldn't happen, so the risk is an essential part of climbing, and that's hard for some people to grasp. You can't justify the risk when things go wrong and people die. The greater the risk, the greater the reward in most aspects of life, and in climbing that's certainly true, too. It's very physical, you use your mind and your body.
If only we try to live sincerely, it will go well with us, even though we are certain to experience real sorrow, and great disappointments, and also will probably commit great faults and do wrong things, but it certainly is true, thatit is better to be high-spirited, even though one makes more mistakes, than to be narrow-minded and all too prudent. It is good to love many things, for therein lies the true strength, and whosoever loves much performs much, and can accomplish much, and what is done in love, is well done.
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