A Quote by Nassim Nicholas Taleb
We should ban banks from risk-taking because society is going to pay the price.
Related Quotes
You don't get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because they were risky, then you are not going to be rewarded for taking a risk; you are going to be punished for it.
People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can't or won't pay their bills are the dregs of society.
Everyone from Adam Smith, John Stewart Mill, they were all reforms. What they wanted to reform was getting rid of this parasitic landlord class that had conquered England in 1066 and it's the heirs of the military warlords who ended up taking the land and making everybody pay them and all of their descendants just for having been conquered. You can see the carry-over of this today. The rent that people have to pay, the money they have to pay the banks instead of having a public option. That's the price they still have to pay for being conquered.
I think you've got to pay the price for anything that's worthwhile, and success is paying the price. You've got to pay the price to win, you've got to pay the price to stay on top, and you 've got to pay the price to get there.
Everything is a risk in Pakistan: If you defend women, it's a risk. If you defend non-Muslims it's a risk. If you discuss religion, it's a risk. But you can't really sit there like a vegetable in your own society. And I'm committed to that society... and I feel I need to turn around and speak as I should.
We are together with the British and Americans because one should fight terror. But we are not going to pay the price for it by endangering Israel and its citizens.
What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking.
I praise CBS for taking a risk, which is always the price you pay for opportunity. This is not standard movie of the week storytelling. I think movies of the week have fallen into a niche and that isn't my niche.
I praise CBS for taking a risk, which is always the price you pay for opportunity. This is not standard movie of the week storytelling. I think movies of the week have fallen into a niche and that isn't my niche
Large companies and government agencies have a lot to protect and therefore are not willing to take big risks. A large company taking a risk can threaten its stock price. A government agency taking a risk can threaten congressional investigation.
My dad used to tell me, 'Check the price, son.' Check the price, kids, check the price because there is a price to be paid for whatever you do in life, whether it is good or it is bad. Before you do something, ask yourself is it worth the price you have to pay?
Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it's a tailwind that central banks are joining the buyers.
The only real security is in having lots of opportunity. But risk is the price to pay for opportunity. And risk is scary.
There is a price which is too great to pay for peace, and that price can be put in one word. One cannot pay the price of self-respect.
Risk is the price you pay for opportunity.
There are only three requirements for success. First, decide exactly what it is you want in life. Second, determine the price that you are going to have to pay to get the things you want. And third, and this is most important, resolve to pay that price.
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