risk management quotes

People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.

My number one thing? Don’t overleverage yourself. Don’t say you can do something when you really can’t.

A financial institution has the task of taking risks, and if it’s a well run institution – say, Goldman Sachs – it tries to cover the potential losses to itself, but only to itself.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

What we have to find is the right level of regulation of our financial system so that it has the incentive to invest in things, but at the same time, it is sufficiently regulated so it can’t get in the kind of trouble that we have seen in the past and we have seen recently.

Being a stunt coordinator, I have to take care not only of myself but I have to make sure everyone is safe.

The way to make money is to buy when blood is running in the streets.

There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you’re never going to win big in a mutual fund.

Eight years involved with the nuclear industry have taught me that when nothing can possible go wrong and every avenue has been covered, then is the time to buy a house on the next continent.

We are ready for any unforeseen event that may or may not occur.

I think that a good mountaineer is usually a sensible mountaineer.

As a member of the Senate Intelligence Committee, I know that the men and women of our intelligence community put their lives on the line every day, and they do very dangerous work to keep our country safe.

It’s OK to have your eggs in one basket as long as you control what happens to that basket.

If there’s one thing that’s certain in business, it’s uncertainty.

An important priority for me is a business must get their own house in order. Be or become an agent of positive change in your own enterprise and adopt responsible practices to eliminate the risks that often lie at the root of inequality and poverty.

Risk comes from not knowing what you’re doing.

Derivatives are financial weapons of mass destruction.

Wide diversification is only required when investors do not understand what they are doing.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

Distrust and caution are the parents of security.

The wise man does not expose himself needlessly to danger, since there are few things for which he cares sufficiently; but he is willing, in great crises, to give even his life – knowing that under certain conditions it is not worthwhile to live.

Concentrate your energies, your thoughts and your capital. The wise man puts all his eggs in one basket and watches the basket.

The way to become rich is to put all your eggs in one basket and then watch that basket.

He that’s secure is not safe.