A Quote by William D. Cohan
People are pretty simple: they do what they are rewarded for doing. If they get multimillion-dollar bonuses by taking huge risks with other people's money - as they still do - then they will continue to take those huge risks, and not give it another thought.
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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.
When people take risks and it's not rewarded, in the case of 'Mirror's Edge,' it's makes it harder for others to be comfortable taking risks.
To allow your organization the permission to fail is a very powerful thing. If we want to really be thought leaders and industry leaders, it doesn't come without taking risks. We're not afraid to take those risks that will get us to a better place.
The trick is to take risks and be paid for taking those risks, but to take a diversified basket of risks in a portfolio.
I'd say it's that most people think that very wealthy people take huge risks and that's why they have huge rewards. But the very best on earth are completely obsessed with not losing money. That sounds overly simplistic, but they know that if you lost 50 percent, it takes 100 percent to get even. Most people don't make that math in their head, so it takes years and years. They are obsessed with not losing money.
I think that's something that investment banks have worried about for a long time and are continuing to worry about, but it's not an easy solution when you have lots of people betting the company's money, how do you really allocate those risks? How do you make sure that the people that take the risks are feeling the risks in an appropriate kind of fashion?
Nothing's about taking risks as much as doing stuff that other people haven't done before. Just like in racing, it's not about taking risks but trying to figure out how to be faster.
Be willing to take some risks in the areas of work and money. If we do only what we think we should do in order to make money and be secure, we won't listen to the intuitive voice that tells us to try something new, to be more creative, or to move on to the next step on our path. When we listen to our intuition and take some risks, we are not alone. The universe will support us and reward us for taking risks on its behalf!
If designers are willing to take risks, I think buyers should take risks, as well with press taking risks.
When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never used to think were really that important, but as soon as we recognize how the financial sector - the risks the financial sector takes on can impact the entire global economy, we realize that those risks needed to be controlled for the social good.
We can't constantly explain to our voters that taxpayers have to be on the hook for certain risks, rather than those who make a lot of money taking those risks.
I talk a lot about taking risks, and then I follow that up very quickly by saying, 'Take prudent risks.'
I don't think I ever take huge risks, though I'm not scared of doing so.
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.
Success will come. Or it won't. But I think you can only make a go at it in a big way by fully being yourself and taking risks. People can feel risks.
When I look around, I see a world of unrealized opportunities for improvements, an abundance of talented people able to take the risks necessary to make improvements, but a shortage of people and investors willing to take those risks.
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