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Risk Quotes

“Every chance at destabilizing [Bashar] Assad... the bombing campaign causes a flood of refugees into Jordan, there's already half a million in Jordan. I think a bombing campaign - I think it's hard to argue that a U.S. bombing campaign is going to cause less refugees. And I think it causes more refugees and more of a humanitarian disaster. I think it causes, or allows, the risk of Israel being attacked with a gas attack to go up, if we attack Assad. So there's all kinds of bad things.”

“I think that's something that investment banks have worried about for a long time and are continuing to worry about, but it's not an easy solution when you have lots of people betting the company's money, how do you really allocate those risks? How do you make sure that the people that take the risks are feeling the risks in an appropriate kind of fashion?”

“I think what we need is better understanding of how to do risk analysis of a CDO, but that they still can perform a very valuable function because they can aggregate these risks and pass them around so that mortgages or other kinds of loans can be packaged and sold to investors all over the world, who in most times, would justify a small amount of each one.”

“When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never used to think were really that important, but as soon as we recognize how the financial sector - the risks the financial sector takes on can impact the entire global economy, we realize that those risks needed to be controlled for the social good.”

“So she [Hillary Clinton] wouldn't intentionally put the nation at risk. She wouldn't intentionally traffic in top secret stuff. And besides, not all this stuff we deal with is that classified anyway. So here's the president [Barack Obama], very powerful, intimidating guy, [James] Comey works for him, the president's been out there saying he didn't think Hillary did anything wrong.”

“The 250-page outline for American Tabloid. The books are so dense. They're so complex, you cannot write like I write off the top of your head. It's the combination of that meticulousness and the power of the prose and, I think, the depth of the characterizations and the risks that I've taken with language that give the books their clout. And that's where I get pissed off at a lot of my younger readers.”

“If I did see a white man who was willing to go to jail or throw himself in front of a car in behalf of the so-called "negro cause," the test that I'd put to him, I'd ask him, "Do you think negro, when Negroes are being attacked they should defend themselves even at the risk of having to kill the one who's attacking them?" If that white man told me, "Yes," I'd shake his hand.”

“America's got to look after America again. That means taking a realistic appraisal of who is actually at risk in this country, not whining feminists, or whinging Black Lives Matter activists, but gay people and women at risk from Islam. Also, so people in this country who have been treated badly, lied to and lied about. An honest appraisal of who actually needs government attention in this country. And when all of that is done, then we can think about interfering elsewhere again.”

“The average American thinks billionaire investors are going to be right based on some talking head. They invest and they have no backup plan. Americans think these guys are giant risk-takers. The truth is they believe in taking as little risk as humanly possible, for the maximum amount of upside. They're looking for that spread of disproportionate risk-reward.”

“I think the development of the venture capital system has been an example of something which is a successful improvement in risk-bearing. It doesn't exactly remove the risks at the beginning, but at least creates greater rewards at a slightly later stage and therefore encourages, say, small companies to engage in technologically risky enterprises.”

“I think people are much more concerned about money now. There aren't the big advances of the past. You feel the sense of nervousness about the book industry. It's not like before. Not that I knew very much about what it was like because I was a newcomer to it, but I get that feeling that people are more conservative in their book choices and what they are going to publish and what's a sure sell. As opposed to - just like in the economy - a sense of luxury and sense of risk taking ten years ago.”

“Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.”

“I think I knew how frightened people were [when Donald Trump was elected], and I think I knew that people were worried about their future. I don't think I realized that they would be willing to risk kind of a 1920s Germany in order to blow it all up, not realizing that we've accomplished a lot as Americans, and we want to keep the good things and revolutionize the new things.”

“I think the right way to do this is just to step up and do it, so I actually think we'll see more of that over the next coming weeks, because I think they'll say, "We'd like to be good for business and quiet on politics, but this is too urgent, it is too much of a key crisis in who we are going to become as Americans. We can risk too much, and so we have to step forward." And I think you will see more and more people stepping forward, like Howard Schultz, Steve Case and other folks, in order to try to make a difference in this [Donald Trump] election.”

“Obviously cheap sentimentality isn't something any good novelist wants to traffic in, but I think it's a problem if you consider it to be the most egregious of all creative sins. I think it's a problem if you consider it the thing to be avoided at all cost. I think it's a problem of you're not willing to risk the consequences of that kind of emotionalism under any circumstances. Then you wind up in the cul-de-sac of irony.”

“I think that the risk to all the progress we've made was at stake in the election because not just the president-elect but a lot of members of Congress, including now the Speaker of the House and the Senate majority leader, have said that their principal agenda was to undo a lot of this progress. But as I've been talking about over the last several days when it comes to health care, the gains that we've made are there. Twenty million people have health insurance that didn't have it before. The uninsured rate is the lowest it's ever been.”

“No president ever puts American lives at risk without a terrible sense of responsibility. And no American ever hears or reads of a soldier’s death without saying a silent prayer for the dead hero or thinking of the grief of the family and friends. Every young man or woman who dies represents a life with its own dreams and plans, extinguished so suddenly. But all said and done, it is our responsibility to see that (1) we never put our troops in situations where they are subject to unnecessary risk, and (2) we give them all our support at all times.”

“Here's why I think the public service jobs are almost unavoidable: When we have downturns in the economy - and we will, for we haven't repealed the business cycle - unemployment will build, yet we no longer have any safety net. What are we going to do? Unless we decide to pull out all the stops and lower interest rates immediately and risk turning a recession into wild inflation, we're going to have to figure out some way of providing some more, not job security, but employment security.”

“I felt saddened and confused to discover my favorite mural gone, but also hopeful that another one may be in the works. Street art is mysterious and impermanent like that. It can appear or disappear overnight. Murals like these are at risk of desecration, transformation, erasure. Someone's gonna piss on it, draw a mustache on it, tag it. The weather's going to make it fade. That's part of the beauty, I think. Murals have value without being precious.”

“Early rejections are really tough, especially when all of your friends who you went to school with now have legitimate jobs, are getting married, having children, buying real estate, being adults. And you're still trying to figure out how to make a living doing the thing you think you love, but you're not even sure yet because you haven't even done it. It was a long road of risk and treachery.”