A Quote by Theo Paphitis
My whole business philosophy is based on a risk-reward ratio. But it's got to stack up. If it doesn't, don't do it. You might as well go to a casino.
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A risk-insensitive leverage ratio can be a useful backstop to risk-based capital requirements. But such a ratio can have perverse incentives if it is the binding capital requirement because it treats relatively safe activities, such as central clearing, as equivalent to the most risky activities.
Stack the cards in your favour, and in a casino, you'll get arrested and put in prison, but in business and in life, it's the right thing to do.
When you've got a great business going, you go open another and take the risk of losing the whole thing. It's fun!
You need to decide whether you're willing to risk being hurt, plain and simple. You can go for it and have a wonderful relationship. Or you might go for it and crash and burn brilliantly. It's up to you if you want to take that risk, up to you if it's worth it or not.
The whole music business in the United States is based on numbers, based on unit sales and not on quality. It's not based on beauty, it's based on hype and it's based on cocaine. It's based on giving presents of large packages of dollars to play records on the air.
The average American thinks billionaire investors are going to be right based on some talking head. They invest and they have no backup plan. Americans think these guys are giant risk-takers. The truth is they believe in taking as little risk as humanly possible, for the maximum amount of upside. They're looking for that spread of disproportionate risk-reward.
Unfortunately, I'm not one of those people who take pictures, you know, carry a camera. Because if I did I'd have stack's and stack's and stack's of different act's. I got a lot here - I know what I done.
My philosophy and my belief was that there was a long way for us to go in improving what we had ever known before, that this country of ours was a country of constant improvement. And so I thought that, well, what my whole approach was based on the promise of a better America.
Sometimes I get lazy and let the dishes stack up. But they don't stack too high. I've only got four dishes.
Children malnourished at age 5 tend to suffer permanent physical and mental damage. So if I can save a child from malnutrition, I find it has an extremely favorable risk-reward ratio - the cost I incur versus the overall benefit that I can bring to society.
The whole religion of Islam is based on reward and punishment and reward and punishment, and it becomes a part of how you think of everything. Even yourself.
You, (my meat-eating friends), put your health at risk – that’s your business. But animal-based diets put the land, the water, the air, a society’s collective health, and even our collective pharmaceutical resources at risk. That’s my business. That’s everyone’s business.
My philosophy, one of the biggest enemies of future success is past success, because you become complacent, you become risk averse, and that's one of the things we try to drive here, and this is fundamental to this philosophy, and that's in this component change, and also in value creation. That we need to drive creative destruction, not just incremental innovations, but innovations that will change the whole nature of the business.
My whole life has been about risk and reward.
Innovation implies high risk, and with high risk comes failure, so you've got to be prepared for that, but if you don't risk, then your business goes stale very quickly.
We’ve got customers. We’ve got suppliers. We’ve got employees. We’ve got unions. We’ve got communities. We’ve got all of these things that go into making up whether a business succeeds or fails.
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