A Quote by Molly Ivins
I think one can easily make a case for taking out Saddam Hussein. In fact, one could probably be made on humanitarian grounds alone. But just as there's a downside risk to doing nothing about this man, there is a very serious downside risk to invading the country.
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Even if it doesn't work out, the experience is so valuable to so many employers that your worst case scenario is, 'Ok, so that was a bust, I'll get a six-figure job at whatever company.' Risk is this outmoded idea - your parents might not understand that, but taking these types of risks doesn't have a downside.
To laugh is to risk appearing a fool. To weep is to risk appearing sentimental. To reach out to another is to risk involvement. To expose feelings is to risk exposing your true self. To place your ideas and dreams before a crowd is to risk their loss. To love is to risk not being loved in return. To hope is to risk pain. To try is to risk failure. But risks must be taken, because the greatest hazard in life is to risk nothing.
I think risk is important. I don't care if it's a great financial risk or a physical risk. You only get out of something what you put into it and the fact that you are willing to risk something means that you are going to get a lot more out of it.
Acting is a win-win situation. There is no risk involved. That's why I get tired of hearing actors who try to make out that there's a downside to it. Fame is an odd thing. It bugs you a little bit, but it's really not bad.
The fact is, our men and women in uniform, the bravest in the world, did everything they could to protect this country from a terror threat and to protect others from the terror threat that was Saddam Hussein. And nobody can deny that we are in a better place because Saddam Hussein is dead.
Targeting investment returns leads investors to focus on potential upside rather on downside risk ... rather than targeting a desired rate of return, even an eminently reasonable one, investors should target risk.
to love is to risk, not being loved in return. to hope is to risk pain. to try is to risk failure. but risk must be taken because the greatest hazard in my life is to risk nothing.
It is only by being bold that you get anywhere. If you are a risk-taker, then the art is to protect the downside.
An interesting attribute of public banks is that they don't only de-risk the downside, but also get a share of the upside.
We're in the business not so much of being contrarians deliberately, but rather we like to take perceived risk instead of actual risk. And what I mean by that is that you get paid for taking a risk that people think is risky, you particularly don't get paid for taking actual risk.
Success doesn't have a downside for me. I'm busy, but I've always been busy whatever job I've had. My very first job working in a furniture factory was bloody busy! That's just modern life. It's not a downside, you just have to be organised and keep things in perspective.
The risk of working with people you don't respect; the risk of working for a company whose values are incosistent with your own; the risk of compromising what's important; the risk of doing something that fails to express-or even contradicts--who you are. And then there is the most dangerous risk of all--the risk of spending your life not doing what you want on the bet that you can buy yourself the freedom to do it later.
Whether weapons exist in Iraq, Saddam Hussein or post-Saddam Hussein, it is a serious enough issue that require that we continue to go and make sure that Iraq does not have weapons.
So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.
Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.
The downside isn't really injury, fear of injury or the process of fighting back from injury. The downside, the very worst thing in the world, is surgery.
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