A Quote by Jerome F. Lederer
Columbus did not know where he was going, how far it was, nor where he had been after his return. With Apollo, there is no such lack of information. Nevertheless, the flight will involve risks of great magnitude and probably risks that have not been foreseen.
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In less than 70 hours, three astronauts will be launched on the flight of Apollo 8 from the Cape Kennedy Space Center on a research journey to circle the moon. This will involve known risks of great magnitude and probable risks which have not been foreseen. Apollo 8 has 5,600,000 parts and 1.5 million systems, subsystems and assemblies. With 99.9 percent reliability, we could expect 5,600 defects. Hence the striving for perfection and the use of redundancy which characterize the Apollo program.
Ignore them. They don't know what it is to make a difficult decision." "You wouldn't have done it, I bet." "That is only because I have been taught to be cautious when I don't know all the information, and you have been taught that risks can produce great rewards.
While it may be theoretically possible to demonstrate the risks inherent in any treaty... the far greater risk to our security are the risks of unrestricted testing, the risks of a nuclear arms race, the risks of new nuclear powers.
I've been fortunate to have had the life I had prior to Hollywood. I wasn't starving, I was going to eat the next day. I came to Hollywood wanting a career that had longevity, and I wasn't afraid to take risks because I had a dollar in the bank. I wasn't driven by money as much as I was driven by making a successful transition. And I was smart enough to know that I certainly didn't have all the answers and I needed to surround myself with smart people and be willing to take risks and be willing to fail.
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.
The lights were off so that his heads could avoid looking at each other because neither of them was currently a particular engaging sight, nor had they been since he had made the error of looking into his soul. It had indeed been an error. It had been late one night-- of course. It had been a difficult day-- of course. There had been soulful music playing on the ship's sound system-- of course. And he had, of course, been slightly drunk. In other words, all the usual conditions that bring on a bout of soul searching had applied, but it had, nevertheless, clearly been an error.
This is boxing. As fighters we know the risks, we know we are risking our health everytime you step into the ring, but it's a risk we are willing to take because we know with those risks come great reward.
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.
In the next century, we will be inventing radical new technologies - machine intelligence, perhaps nanotech, great advances in synthetic biology and other things we haven't even thought of yet. And those new powers will unlock wonderful opportunities, but they might also bring with them certain risks. And we have no track record of surviving those risks. So if there are big existential risks, I think they are going to come from our own activities and mostly from our own inventiveness and creativity.
I've always hankered after going into space and walking on the moon and Mars. I did want to be an astronaut, and had there been a manned space flight programme in the U.K., I would have been knocking on the door.
people who refuse to take risks live with a feeling of dread that is far more severe than what they would feel if they took the risks necessary to make them less helpless - only they don't know it!
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 basic question that the 'new science' raises for our balance sheet is the issue of what scientific questions have not been asked for 500 years, which scientific risks have not been pursued. It raises the question of who has decided what scientific risks were worth taking, and what have been the consequences in terms of the power structures of the world.
There are risks and costs to action. But they are far less than the long range risks of comfortable inaction.
The Columbus Day Parade was held Monday in New York. Columbus was the world's first Democrat. He left not knowing where he was going, arrived not knowing where he was, went home not knowing where he had been, and he did it all on government money.
I take risks, but I don't lose respect for my real self. Because what's going to happen afterwards? How are you going to get back? Is there going to be a train, or will it be after midnight and you can't go home again?
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