A Quote by Lionel Shriver
In the public mind, an investment banker is no longer conservative; he's a risk taker, a gambler in high stakes, not to mention a thief. These people are dangerous - deliciously so.
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For good or for bad, I'm a risk taker. I like high-stakes, high-reward type situations.
Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be described by a single number. Intuitively we understand that risk varies from investment to investment: a government bond is not as risky as the stock of a high-technology company. But investments do not provide information about their risks the way food packages provide nutritional data.
There is no such thing as guaranteed high investment returns. Be wary of anyone who promises that you will receive a high rate of return on your investment with little or no risk.
If you weren't a risk-taker, you were always going to be a step behind. You could be the best cyclist in the world, but if you weren't a risk-taker, you weren't going to win the Tour de France.
I'm not a huge risk taker. I think that, for me, I take certain kinds of risks, but if you look at me, you wouldn't say I was a big risk taker. I'm not going to jump out of an airplane and parachute and things like that. That's not really me.
I don't have any particular expertise-I've never been a banker or an investment banker. But I did see an evolution in the system that I thought was problematic.
I'm a high-risk taker on the court in the sense of trying to squeeze things in there.
Reviewers, with some rare exceptions, are a most stupid and malignant race. As a bankrupt thief turns thief-taker in despair, so an unsuccessful author turns critic.
But I am, personally, not a gambler. I wouldn’t spend £1 on the lottery, let alone take a punt on a pregnancy. The stakes are far, far too high. I can’t agree with a society that would force me to bet on how much I could love under duress.
In New York the stakes are so high. In urban centers the stakes are so high. You marry the wrong person, you go to the wrong college, you take the wrong job. Any of these things could really get you in trouble down the road. Or in your mind anyway. You're afraid to make any move, it's paralyzing.
High stakes, low stakes, poor or rich - people will find a way to gamble.
A new product, technology, or innovation - such as Bitcoin - has the potential to give rise both to frauds and high-risk investment opportunities. Potential investors can be easily enticed with the promise of high returns in a new investment space and also may be less skeptical when assessing something novel, new, and cutting-edge.
You don't have to become an investment banker as a way of demonstrating that education has worked for you. But librarians have to believe in the values of high culture. Not just high culture but middle culture, low culture, kinds of exciting eye-catching crap of all kinds. Everyone needs that.
Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.
I'm urging NASA to foster the development of what I call 'runway landers.' No, that's not the name of a high stakes gambler from Vegas. It's a type of spacecraft that flies to orbit like the retiring Shuttles but then glides to a landing like an airplane on a runway. Just like the Shuttles do.
I do like the thrill of risk-taking, but it's always carefully calculated. I have done many high risk undertakings, but I have always measured the stakes. Not feeding the fear nor the doubt. But I also believe that you need to fuel passion in whatever you do. This is what I am trying to teach my children today.
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