“Well, when you're trying to create things that are new, you have to be prepared to be on the edge of risk.” Quote by Michael Eisner
“When everyone feels that risks are at their minimum, over-confidence can take over and elementary precautions start to get watered down.” FeelsRiskConfidenceMinimumPrecautionOver Confidence Author:Ian Macfarlane
“Today, basically, on Wall Street, the big money is made by taking risks.” MadeBigsTodayRiskStreetsWallTaking Risks Author:Bernard Madoff
“In order to succeed, you have to live dangerously.. as long as the danger is rationally accepted and as long as the rewards far outweigh the risk.” LongSuccessOrderRiskDangerSucceedRewardsAcceptedOrder To Succeed Author:Sumner Redstone
“The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.” FactsProblemInterestRiskCreatingFinancialIncomeAgentsAgencyDimensionsEngineersIgnoredReducingMortgageParticipantsFeesDiversificationRegulatorsFinancial Risk Author:George Soros
“It's impossible that the improbable will never happen.” HappensImpossibleRiskImprobable Author:Emil Julius Gumbel
“The most important questions of life are indeed, for the most part, really only problems of probability.” ImportantProblemRiskProbabilityImportant Questions Author:Pierre-Simon Laplace
“America's a family. We all yell at each other. It all works out.” FunnyAmericaWork Out Author:Louis C. K.