A Quote by Benoit Mandelbrot
If one takes the kinds of risks which I took, which are colossal, but taking risks, I was rewarded by being able to contribute in a very substantial fashion to a variety of fields. I was able to reawaken and solve some very old problems.
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There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded.
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.
When people take risks and it's not rewarded, in the case of 'Mirror's Edge,' it's makes it harder for others to be comfortable taking risks.
When it comes to storytelling, not taking risks is riskier than swinging for the fences. I have very simple ambitions when it comes to taking risks in storytelling and programming. I try very hard to avoid the expected.
When I'm dealing with Britney Spears and Katy Perry, these massive brands, like, really, very Coca-Cola, you know what I mean? There are certain kinds of standards. There are risks you can take, and there's risks that you don't. And I think I'm interested in taking a little more risk in my own music.
I talk a lot about taking risks, and then I follow that up very quickly by saying, 'Take prudent risks.'
I would have to say that in this sort of feminized atmosphere in which we exist today, guys who are masculine and muscular like that in their private conduct, kind of old fashion tough guys, run some risk.... This guy is very much an old fashioned masculine, muscular guy, and there are political risks associated with that. Maybe it shouldn’t be, but that’s how it is.
My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.
Some people revel in taking risks, and some go through life taking no risks at all.
So I think that is one of the reasons we can face some regional problems, which are very difficult, very dramatic and is necessary to have instruments to solve these problems. NATO is such instrument.
Nothing can be left until the last minute, so that everyone knows exactly where they are. Everyone is comfortable and everyone feels safe because we want people to be able to keep coming into this show and taking those risks. There are a lot of risks in this show, not just nudity, but emotional risks. We want the best actors to feel comfortable about coming in and exploring this subject matter with us.
When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never used to think were really that important, but as soon as we recognize how the financial sector - the risks the financial sector takes on can impact the entire global economy, we realize that those risks needed to be controlled for the social good.
People are pretty simple: they do what they are rewarded for doing. If they get multimillion-dollar bonuses by taking huge risks with other people's money - as they still do - then they will continue to take those huge risks, and not give it another thought.
I got a lot of great life lessons from the entertainment industry. The first was being able to feel comfortable taking risks.
The irony is that the person not taking risks feels the same amount of fear as the person who regularly takes risks.
[At Boston College] I started working on the kinds of skills that you need for comedy. It's about being creative and learning to use your gift for being able to let loose and be very unself-conscious. It took me time though before I was really able to get comfortable doing that.
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