A Quote by Friedrich August von Hayek
If we can reduce the risk of friction likely to lead to war, this is probably all we can reasonably hope to achieve.
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Stated in the simplest terms, the recognized solution to the problem of foodborne illness is a comprehensive prevention strategy that involves all participants in the food system, domestic and foreign, doing their part to minimize the likelihood of harmful contamination. And that is the strategy mandated by FSMA. It is not a strategy that assumes we can achieve a zero-risk food supply, but it is a strategy grounded in the conviction that we can better protect consumers and the economic vigor of the food system if everyone involved implements reasonably available measures to reduce risk.
There are a lot of really fabulous things that get done with digital assets and blockchain technologies to reduce friction, to reduce costs, and enable things that weren't possible before.
A plant-based diet is more likely to produce good health and to reduce sharply the risk of heart problems, cancer, diabetes, osteoporosis, gallstones, and kidney disease.
to love is to risk, not being loved in return. to hope is to risk pain. to try is to risk failure. but risk must be taken because the greatest hazard in my life is to risk nothing.
People often overestimate what they can reasonably achieve in a year. But they vastly underestimate what they can achieve in 5 years.
To laugh is to risk appearing a fool. To weep is to risk appearing sentimental. To reach out to another is to risk involvement. To expose feelings is to risk exposing your true self. To place your ideas and dreams before a crowd is to risk their loss. To love is to risk not being loved in return. To hope is to risk pain. To try is to risk failure. But risks must be taken, because the greatest hazard in life is to risk nothing.
After you are diagnosed with a condition that is reasonably likely to lead to intolerable suffering and eventually cause loss of competence. An individual in this situation is going to be followed closely, and if they've made this advance request, and had it approved, then obviously it's up to the medical team advising them to follow the legislation.
As with Three Mile Island, the hysteria of the media and the political class over the Deepwater spill is likely to lead to increased risk and adverse environmental tradeoffs.
I hoped that I would be a lead in my career; of course that was a hope of mine. But I never thought I would be so lucky to be the lead of a romcom. Simply because I don't get those opportunities, for probably many reasons, but one of would likely be because I'm Asian.
What we can do now is contribute to a clearer understanding of what happened that day on Everest in the hope that the lessons to be learned will reduce the risk for others who, like us, take on the challenge of the mountains.
As I have heard Bush say, only a wartime president is likely to achieve greatness, in part because the epochal upheavals of war provide the opportunity for transformative change of the kind Bush hoped to achieve. In Iraq, Bush saw his opportunity to create a legacy of greatness.
Friction is the only concept that more or less corresponds to the factors that distinguish real war from war on paper.
Lead me from death to life, from falsehood to truth; Lead me from despair to hope, from fear to trust; Lead me from hate to love, from war to peace; Let peace fill our heart, our world, our universe
If we reduce batch sizes by half, we also reduce by half the time it will take to process a batch. That means we reduce queue and wait by half as well. Reduce those by half, and we reduce by about half the total time parts spend in the plant. Reduce the time parts spend in the plant and our total lead time condenses. And with faster turn-around on orders, customers get their orders faster.
Asset managers have different approaches, and I don't wish to suggest there is only one way to run money. There are many ways one can attempt to reduce risk, improve performance, lower drawdowns and reduce volatility.
Iteration, like friction, is likely to generate heat instead of progress.
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