A Quote by Liz Truss
I think there's a danger in politics of being too risk-averse.
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I don't think the government should touch art. Governments are risk averse. They encourage risk-averse personalities to be artists.
If you think in terms of major losses, because losses loom much larger than gains - that's a very well-established finding - you tend to be very risk-averse. When you think in terms of wealth, you tend to be much less risk-averse.
During the first period of our lives the greatest danger is not to take the risk. When once the risk has been taken, then the greatest danger is to risk too much. By not risking at first one turns aside and serves trivialities; in the second case, by risking too much, one turns aside to the fantastic and perhaps to presumption.
Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty, all kinds of long-term, mutually beneficial contracts can't be entered into.
Are we going to be risk-averse about health care, education, child well-being, or are we going to set aside those attitudes, which we find in government all too often, and lead?
Politics, by definition, is risk averse. Perhaps that's why America was so awestruck when Barack Obama ended the Black vs White debate by painting his political canvas in shades of grey.
If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.
If you're frightened of damaging yourself, you increase the risk of doing just that. Consider the tightrope walker. Do you think he spares any thought for falling while he's walking the rope? No, he accepts the risk, and enjoys the thrill of braving the danger. If you spend your whole life being careful not to break anything, you'll get terribly bored, you know... I can't think of anything more fun than being impulsive.
If we overregulate, over control, impose too many burdens and too much bureaucracy - or if we do it across the board, without taking into account the differences among businesses and their relative impact on society - that could make people risk-averse and dampen the entrepreneurial spirit.
There is danger for the eye in seeing too clearly, danger for the ear in hearing too sharply and danger to the heart from caring too greatly.
I think we need a politics that allows us to risk what is intelligible. To be maybe slightly unintelligible, too be slightly "illisible". To take the risk of suggesting that the human form might take another form.
Increase your company's average talent with each hire - founders tend to be pretty smart but willing to take on risk. Employees should be a lot smarter and less risk averse.
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.
As we get older, we tend to become more risk averse because we tend to find reasons why things won't work. When you are a kid, you think everything is possible, and I think with creativity it is so important to keep that naivety.
The biggest danger for any organism is to not identify that it's being threatened. I want to hope that people realize that the source of danger and risk in the Middle East is not the Israeli-Palestinian conflict but the deep radical Islamic vision of forming a global caliphate.
The civil service are risk averse.
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