Talented people have a responsibility to get the training they need to be successful risk takers and go out there to take risks. What I see is surplus of talented people and a shortage of people willing to take the risks.
You can't do things unexpected in life if you're not willing to take a risk, and it's easier to risk your own life than it is for your parent to watch you take risks. It's very, very hard for parents to see children doing things that aren't a solid path. I've been through that.
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.
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.
It's one of the ironies of investing. The rich can afford to take risks, but they don't need to. The poor need to take risks, but they often can't afford to.
You need courage to be creative. You need the courage to see things differently, courage to go against the crowd, courage to take a different approach, courage to stand alone, if you have to, courage to choose activity over inactivity.
No one ever gets to see Foley artists at work, and they're so strange. They see the world differently: things as things that might make sounds that sound like other things. They see the whole world that way - like when you're a house painter, all you see is a bunch of houses that need painting.
It's very important to take risks. I think that research is very important, but in the end you have to work from your instinct and feeling and take those risks and be fearless. When I hear a company is being run by a team, my heart sinks, because you need to have that leader with a vision and heart that can move things forward.
When I got married, I decided to take a break. I wanted to travel, see life differently and discover things about myself.
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.
And let me say this as a politician I can promise you this, political leaders will never take risks if the people do not push them to take some risks. You must create the change that you want to see.
Rennes wanted me at one point, but in France they have a problem - they don't like taking risks. But if you don't take risks, you don't get anywhere. You pass by the periphery of many things, like life and football.
If designers are willing to take risks, I think buyers should take risks, as well with press taking risks.
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.
The trick is to take risks and be paid for taking those risks, but to take a diversified basket of risks in a portfolio.
People see things differently and remember things differently. It's why if somebody robs a liquor store and there are four witnesses they'll often disagree.