“Throughout my trading career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” PeopleIfsLooksHardKnownCareersRiskExampleRuinedTradingRisk It Author:Larry Hite
“Active liberty is particularly at risk when law restricts speech directly related to the shaping of public opinion, for example, speech that takes place in areas related to politics and policy-making by elected officials. That special risk justifies especially strong pro-speech judicial presumptions. It also justifies careful review whenever the speech in question seeks to shape public opinion, particularly if that opinion in turn will affect the political process and the kind of society in which we live.” IfsKindLawPoliticalTurnsStrongProcessLibertyOpinionRiskSpecialPolicyExampleShapesSpeechAreasCarefulActiveRelatedOfficialsJustifyReviewsFreedom Of SpeechPublic OpinionJudicialPresumptionElected OfficialsLive FreePublic OfficialsPolicy Making Author:Stephen Breyer
“We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. Some great businesses have very volatile returns - for example, See's [a candy company owned by Berkshire] usually loses money in two quarters of each year - and some terrible businesses can have steady results.” YearsTwoLosesLossResultsCompanyRiskExampleReturnTerriblePermanentNutsQuartersSteadyCandyInadequateGreat BusinessVolatility Author:Charlie Munger
“I think you've got to take the risks. There's no point playing it safe, because either you'll get bored or the audiences will get bored. Sometimes, you're going to make mistakes, and that's fine, but you have to take the risks. I think Pirates is one of the prime examples of that with Johnny Depp's performance, and part of the reason that people love it so much is that you watch it and go, "Gutsy, really gutsy!"” PeopleThinkingSometimesReasonMistakeWatchesAudienceRiskExampleFineSafePerformancesBoredMaking MistakesPrimeNo PointPiratePlaying It Safe Author:Keira Knightley