A Quote by Jason Fried
The reality is, risk is variable. Those in the financial world know it.
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The church seeks to help form people who can risk being peaceful in a violent world, risk being kind in a competitive world, risk being faithful in an age of cynicism, risk being gentle among those who admire the tough, risk love when it may not be returned, because we have the confidence that in Christ we have been reborn into a new reality.
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.
The Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.
I have a perverse attraction to risk. Not physical risk but emotional, financial risk - anything than can't kill you immediately.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
"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.
I think risk is important. I don't care if it's a great financial risk or a physical risk. You only get out of something what you put into it and the fact that you are willing to risk something means that you are going to get a lot more out of it.
The only reality I can possibly know is the world as I perceive it at this moment. The only reality you can possibly know is the world as you see it at this moment. And the only certainty is that those perceived realities are different. There are as many “real worlds” as there are people!
Reality is above all else a variable, and nobody is qualified to say that he or she knows exactly what it is. As a matter of fact, with a firm enough commitment, you can sometimes create a reality which did not exist before.
We are living in a computer-programmed reality, and the only clue we have to it is when some variable is changed, and some alteration in reality occurs. We have the overwhelming impression that we were reliving the present - deja vu.
You can always create a fraction by putting one variable upstairs and another variable downstairs, but that soes not establish any causal relationship between them, nor does the resulting quotient have any necessary relationship to anything in the real world.
In some industries, we refer to risk taking as 'research and development.' At financial institutions, we often take risk by investing in securities.
General Systems Theory, a related modern concept [to holism], says that each variable in any system interacts with the other variables so thoroughly that cause and effect cannot be separated. A simple variable can be both cause and effect. Reality will not be still. And it cannot be taken apart! You cannot understand a cell, a rat, a brain structure, a family, a culture if you isolate it from its context. Relationship is everything.
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