“I think audiences ultimately want something new. I think the business model for a franchise is such that it's very low risk because you have data and studios love data.” ThinkingWantAudienceRiskModelsLowsStudiosDataSomething NewWant SomethingBusiness Models Author:Gore Verbinski
“Intuition, if you are fashion designer is really the key to everything. I just really have a feeling it's the right moment in time to create a new business model. Obviously I have facts and figures that could back that up. It isn't a gamble; it's a calculated risk.” IfsMomentsFactsFeelingsRiskFashionFiguresKeysModelsIntuitionDesignerGambleMoments In TimeFashion DesignerBusiness ModelsRight MomentNew BusinessCalculated Risk Author:Monita Rajpal
“A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment.” KnowsNeedsMomentsProblemHappensTakenRiskParticularModelsScholes Author:Myron Scholes
“The main thing that 99designs is about is choice. Its a fantastic model that eliminates risk for small business owners and puts designers on equal footing.” ChoicesRiskEqualModelsFantasticDesignerOwnersSmall BusinessBusiness OwnersSmall Business Owners Author:Matt Mickiewicz
“The model we established was to give creative people complete creative freedom in exchange for betting on themselves, so they work for the minimums you're allowed to work for, and if the movies work in a big way, everyone does very well. If the movies don't, nobody loses too much money. The benefit to doing all the movies low budget is we can tell different types of stories and take creative risks. The Purge would have been irresponsible to do for $20M, but to do it for $3M makes sense.” PeopleIfsWayGivingWellsDoeHas BeensDifferentStoriesBigsLosesCreativeToo MuchRiskTypeBenefitsModelsLowsMake SenseBudgetsMinimumIrresponsibleCreative PeopleBettingCreative Freedom Author:Jason Blum
“Do not trust financial market risk models. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science.” RiskModelsMathematicsFinancialDespiteSophisticatedAnalystsFinancial MarketsPhysical ScienceMarket Risk Author:Seth Klarman
“I think in terms of educating a group of readers, MFA programs are very good. I just think the model of MFA programs in which a young poet goes through the program, publishes a series of books, gets teaching jobs, that's a bit at risk.” ThinkingBookJobsYoungBitsTermRiskGroupsTeachingPoetReaderModelsProgramSeriesVery GoodPublish Author:Edward Hirsch
“There are a lot of ways that investment banking models work, but these risks are not internalized by the people that are taking them.” PeopleWayRiskModelsInvestmentBankingInvestment Banking Author:Robert F. Engle
“I don't see what the alternative to risk management is. If it's just getting rid of the models and instead using the smart people who can figure it out? How do you train them? What do you teach them? Do you just put them in a cockpit and let them stumble for 10 years of their life and then after that they're good at it?” PeopleIfsYearsTeachRiskFiguresModelsSmartManagementTrainAlternativesRisk ManagementSmart PeopleCockpit Author:Robert F. Engle
“The culture of the State Department is very negative towards a conservative foreign policy. And the model that we all have, of civil servants as neutral careerists who carry out the policy of the elected president, doesn't work nearly the way it should in the State Department. So that there are many people who want to be good civil servants, who want to try and carry out these policies, but are afraid to do so. And I'm not even counting the very small number of conservatives in the State Department who are genuinely at risk.” PeopleWayWantShouldTryingStatesCulturePresidentNumbersRiskPolicyModelsNegativeConservativeBe GoodServantDepartmentForeign PolicyCountingSmall NumbersCivil Servants Author:John Bolton
“Role models who push us to exceed our limits, physical training that removes our spare tires, and risks that expand our sphere of comfortable action are all examples of eustress—stress that is healthful and the stimulus for growth.” ActionGrowthRolesRiskExampleLimitsComfortableModelsTrainingStressRemoveRole ModelsSpheresSparesTireExceedStimulus4 Hour Work WeekPhysical Training Author:Tim Ferriss