“The risk of a business being hit by a low probability, high impact event is far higher than most boards realize because the number of potential wild cards is so great.” RealizingNumbersRiskEventsHigherLowsImpactCardsBoardsProbability Author:Patrick Dixon
“I am somewhat of a meliorist. That is to say, I act as an optimist because I find I cannot act at all, as a pessimist. One often feels helpless in the face of the confusion of these times, such a mass of apparently uncontrollable events and experiences to live through, attempt to understand, and if at all possible, give order to; but one must not withdraw from the task if he has some small things to offer - he does so at the risk of diminishing his humanity.” IfsGivingFeelsDoeFacesHumanityOrderRiskEventsOffersMassTasksConfusionHelplessOptimistSmall ThingsPessimistUncontrollable Author:Bernard Malamud
“I think it's a greater risk not to write about 9\11. If you're in my position - a New Yorker who felt the event very deeply and a writer who wants to write about things he feels deeply about - I think it's risky to avoid what's right in front of you.” IfsThinkingWantFeelsWritingFeltGreaterRiskFrontsEventsPositionNew YorkersVery Deep Author:Jonathan Safran Foer
“[In the event of war, Americans would] resort for repose and security to institutions which have a tendency to destroy their civil and political rights. To be more safe they, at length, become willing to run the risk of being less free.” WarRunningPoliticalRightsRiskSecurityEventsWillingSafeInstitutionsTendenciesLengthResortsReposePolitical RightsSecurity And Liberty Book:The Federalist Papers and the Constitution of the United States: The Principles of the American Government Source: The Federalist Papers and the Constitution of the United States: The Principles of the American Government
“I love a good cliffhanger. I love when big events happen in shows. I love shows that aren't afraid to take risks and to really do what's best for the story line and realistic for the story line.” StoriesShowsBigsHappensLinesRiskEventsRealisticBig EventsCliffhanger Author:Candice Accola
“The government-sponsored institution Fannie Mae, when I look at its risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup. But not to worry: their large staff of scientists deemed these events "unlikely."” LooksSeemsGovernmentWorryRiskEventsSittingScientistInstitutionsVulnerableStaffUnlikelyBarrelsDynamiteMaeHiccups Author:Nassim Nicholas Taleb
“But if we admit God, must we admit Miracle? Indeed, indeed, you have no security against it. That is the bargain. Theology says to you in effect, 'Admit God and with Him the risk of a few miracles, and I in return will ratify your faith in uniformity as regards the overwhelming majority of events.” IfsRiskEffectsSecurityEventsReturnMiracleRegardMajorityTheologyOverwhelmingBargainsUniformity Author:C. S. Lewis
“"Risk means more things can happen than will happen." It is not standard deviation. It is not variability. It is this sense that the future events are highly variable and unknowable that gives us the best sense for risk.” GivingMeanHappensRiskEventsStandardsVariablesDeviationFuture EventsVariability Author:Elroy Dimson