“The word 'risk' derives from the early Italian risicare, which means 'to dare'. In this sense, risk is a choice rather than a fate. The actions we dare to take, which depend on how free we are to make choices, are what the story of risk is all about. And that story helps define what it means to be a human being.” HumansMeanHelpingStoriesActionChoicesHuman BeingsFateRiskDependsDareItalian Book:Against the Gods: The Remarkable Story of Risk Source: Against the Gods: The Remarkable Story of Risk
“For all the sublimity of art, physics, music, mathematics, and other manifestations of human genius, everything depends on the mundane, frustrating, often debased vocation known as politics (and its most exacting subspecialty - statecraft). Because if we don't get politics right, everything else risks extinction.” IfsHumansArtKnownRiskDependsGeniusMathematicsPhysicsManifestationVocationFrustratingExtinctionMundaneSublimity Author:Charles Krauthammer
“Despite its self-regard, and much like a society of devout followers, the art world relies on consensus as heavily as it depends on individual analysis or critical thinking. Althought the art world reveres the unconventional, it is rife with conformity. Artists make works that "looks like art" and behave in ways that enhance stereotypes. (...) Originality is not always rewarded, but some people take real risks and innovate, which gives a raison d'être to the rest” PeopleThinkingWorldWayGivingLooksArtRealSelfArtistIndividualRiskDependsRegardCriticalDespiteAnalysisBehaveRelyConformityFollowersOriginalityStereotypeConsensusCritical ThinkingArt WorldUnconventional Author:Sarah Thornton
“In the financial markets, however, the connection between a marketable security and the underlying business is not as clear-cut. For investors in a marketable security the gain or loss associated with the various outcomes is not totally inherent in the underlying business; it also depends on the price paid, which is established by the marketplace. The view that risk is dependent on both the nature of investments and on their market price is very different from that described by beta.” DifferentLossViewsClearCuttingRiskSecurityDependsGainsConnectionsPaidInvestmentInvestingFinancialVariousOutcomesDependentInvestorsInherentMarketplaceFinancial MarketsBeta Author:Seth Klarman
“But this is where you get all the market research and things get in danger of becoming formulaic, and where you depend on brands and getting recognised actors. It's the thing that precludes risk very often, otherwise everyone would be avant-garde all over the place.” Would BeActorsRiskDangerDependsBecomingResearchBrandsAvant GardeMarket Research Author:Colin Firth
“Parents can learn that parental authority doesn't depend on knowing everything. The more you pretend, the more risk that it'll be traumatic and damaging to the kids and their relationship with you when they find out the truth.” KidsParentKnowingRiskDependsAuthorityParentalKnowing EverythingParental Authority Author:Seymour Papert
“Survival in the demand economy depends on and requires experimentation, risk taking, and trial and error.” EconomyRiskDependsDemandSurvivalErrorsTrialsExperimentationRisk-takingTrial And Error Author:Kevin Allen
“If the company depends entirely on you - your creativity, ingenuity, inspiration, salesmanship or charisma - nobody will want to buy it. The risk and the dependency are too great.” IfsWantInspirationCompanyCreativityRiskDependsIngenuityCharismaDependencySalesmanship Author:Margaret Heffernan