A Quote by Elroy Dimson

"Risk means more things can happen than will happen." It is not standard deviation. It is not variability. It is this sense that the future events are highly variable and unknowable that gives us the best sense for risk.

Elroy Dimson

Quote Topics

Best Deviation Events Future Future Events Gives Happen Highly Means More Risk Sense Standard Than Things Unknowable Us Variability Variable Will

Quote Author

Elroy Dimson
Author
Born: 1947

Risk means more things can happen than will happen.

Elroy Dimson

Risk means that more things could happen that will happen

Elroy Dimson

Some people feel affronted when something they thought to be true doesn't happen. If that's the case, then your sense of risk is much higher, and that leads to risk aversion. You need to be able to be comfortable in uncertainty.

Jim Mattis

The word 'risk' derives from the early Italian risicare, which means 'to dare'. In this sense, risk is a choice rather than a fate. The actions we dare to take, which depend on how free we are to make choices, are what the story of risk is all about. And that story helps define what it means to be a human being.

Peter L. Bernstein

Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.

Reid Hoffman

... if you take a risk, two things will happen. People will laugh at you. Or you'll be way ahead of everybody else. And if that's what you're in it for, then you gotta take that risk.

Steven Tyler

Societal transformation isn't going to happen in one month, one year, or even one lifetime. But we see it happen person by person in front of us, and we don't have to worry about the future if we're taking care of the present. In some sense, that's the best insurance policy we can have.

Jon Kabat-Zinn

We do not become an astronaut because we fear not only the risk of space, but we fear the risk of failure along the way more than we want to put in the work to make it happen - and it is easier not to try.

Rick Tumlinson

Risk is the universe's way of pushing us to become more than what we are. Risk is faith at the edge. Risk is the pulsating nature of life.

Sarah Strohmeyer

The idea that money brings power and independence is an illusion. What money usually brings is the need for more money - and there is a shabby and pathetic powerlessness that comes with that need. The inability to risk new lives, new work, new styles of thought and experience, is more often than not tied to the bourgeois fear of reducing one's material standard of living. That is, indeed, to be owned by possessions, to be governed by a sense of property rather than by a sense of self.

Vivian Gornick

"Once there, always there", would give you less freedom than you recently enjoyed, but more security. Security not in the sense of safety from terrorists, burglars, or pickpockets... but security in the sense of knowing where you are, who you are, on what kind of future you can count, what will happen, whether you will preserve your position in society or whether you will be degraded and humiliated - this sort of security. This sort of security for many, many people - a rising number of people - looks at the moment more attractive than more freedom.

Zygmunt Bauman

I was raised in a reform synagogue. I think we all bring with us a sense of when hard things happen to us, we find ourselves asking questions of why are these things happening to me at this time in my life. I think in that sense, there's a certain resonance that I carry. It's more of a spiritual resonance as opposed to particularly of Judaism.

Michael Stuhlbarg

Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.

Timothy Geithner

Sometimes the bad things that happen in our lives put us directly on the path to the best things that will ever happen to us.

Paul Millsap

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.