A Quote by Leroy Chiao
In order to do anything worthwhile, one must take calculated risks.
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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.
I think most astronauts are not risk takers. We take calculated risks for something that we think is worthwhile.
The thing I preach constantly is do your research; build your knowledge base. Don't just go into business on a whim or a prayer - and don't think 'I'm an entrepreneur so I have to take risks'. Entrepreneurs don't take risks. They take calculated risks; only the good ones.
From my perspective, as an entrepreneur, one is wired to take risks. You, of course, need to be smart and take calculated risks, and then do all you can to make it worth the risk.
To put money into anything, anywhere, provided that the downside is measurable and acceptable and the chances of a good profit appear to be better than 50%. I will not take gambles, but it is part of my job description to be ready to take very carefully calculated risks.
You must never give up. You must remember that you have to take risks in order to achieve anything and sometimes you will suffer defeat. But the mark of any individual is to recover from defeat and disappointment and go on and give it his best shot.
Calculated risks of abuse are taken in order to preserve higher values.
At this stage in my career, I don't have to take any big risks. You want to take a calculated risk, not one that leads to people saying 'yes, but there was that one time when she made that big mistake.' It's always a shame when that happens, especially if you've gotten by for decades without anything hugely tragic.
Take calculated risks.
You have to take calculated risks in life.
Take calculated risks and limit your downside.
Take calculated risks. That is quite different from being rash.
Take calculated risks. Act boldly and thoughtfully. Be an agile company.
In order for people to be happy, sometimes they have to take risks. It's true these risks can put them in danger of being hurt.
I’ve found that nothing in life is worthwhile unless you take risks.
People are always going to find fault with anything you do, any process that you're a part of. The creative process means taking risks, I've taken risks and I've made mistakes, but the bottom line is, could anyone else have done any better ? I have to believe that what I created was worthwhile.
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