“Business people need to understand the psychology of risk more than the mathematics of risk.”
Source: The Science of Successful Organizational Change: How Leaders Set Strategy, Change Behavior, and Create an Agile Culture
“You live in a grim universe.”
“That’s risk management for you.”
Source: Two Serpents Rise
“Green light, STOP - if you want to see where you are taking the most risk, look where you are making the most money.”
Source: The Science of Successful Organizational Change: How Leaders Set Strategy, Change Behavior, and Create an Agile Culture
“Never take both hands off the pump. As an entrepreneur, you need to be on constant lookout for opportunity, and that will involve risk. But you minimize those risks by keeping one hand on the pump that is producing for you.”
Source: Road To Purpose: One Man's Journey Bringing Hope To Millions And Finding Purpose Along The Way
“As long as you're not doing what you're meant to do, you'll feel like you're walking around with a tiny rock inside your shoe.”
Source: Let That Sh*t Go: Find Peace of Mind and Happiness in Your Everyday
“In business, supply chains risks are not only correlated to the competition or to collaborators or to customers. Supply chain risk is also correlated to all of the companies and industries using the same imputs as your business.”
“Regulatory compliance is critical to managing risk.”
“Some risks that are thought to be unknown, are not unknown. With some foresight and critical thought, some risks that at first glance may seem unforeseen, can in fact be foreseen. Armed with the right set of tools, procedures, knowledge and insight, light can be shed on variables that lead to risk, allowing us to manage them.”
“An investment made with prudence and caution and keeping all of the rules of self-discipline and risk management is a better investment. It’s better, even if it has ended with a loss.”
“The success of an investment is all about its execution and is not about its outcome.”