A Quote by Ian Lustick
The ability to calibrate risk doesn't happen rationally.
Related Quotes
We are not so brazen as to believe that we can perfectly calibrate valuation; determining risk and return for any investment remains an art not an exact science
"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.
Get the heat and emotion out worry, and put cold, ruthless scrutiny onto the problem, and worry loses its power. When we are worried and filled with apprehension, we become panicky and are likely to see only gloom and failure. There isn't any situation so bad that it won't become a lot better when you think rationally - and spiritually - about it. God gives you the ability to think rationally about things by filling you with peace and faith.
A politician needs the ability to foretell what is going to happen tomorrow, next week, next month, and next year. And to have the ability afterwards to explain why it didn't happen.
Politics is the ability to foretell what is going to happen tomorrow, next week, next month and next year. And to have the ability afterwards to explain why it didn't happen.
In order to succeed, you have to live dangerously.. as long as the danger is rationally accepted and as long as the rewards far outweigh the risk.
Risk management is a more realistic term than safety. It implies that hazards are ever-present, that they must be identified, analyzed, evaluated and controlled or rationally accepted.
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.
Risk means more things can happen than will happen.
Risk means that more things could happen that will happen
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.
One may rationally stick to a degenerating research programme until it is overtaken by a rival and even after. What one must not do is to deny its poor public record... It is perfectly rational to play a risky game: what is irrational is to deceive oneself about the risk.
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.
There is a spirit in all music, the spirit has the ability to conjure up thoughts even pictures of something that happened or you wished would happen or you anticipate happening. Music has the ability to create ideas in you and me. It has the ability to encourage us to be creative.
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.
Jerk equals narcissist.Narcissists tend to be risk takers. Risk takers happen to do better in general in businesses. So jerk equals narcissist, equals risk taker.
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