Risk  

Honor and risk

A man is honorable in proportion to the personal risks he takes for his opinion – in other words, the amount of downside he

Micheal Arrington, Tech Crunch founder

Famous quote: I don’t care if you’re a billionaire. If you haven’t started a company, really gambled your resume and your money and maybe

Father of Olympic luge participant who died

What lawsuit? What kind of person would do that? My son is dead and that wouldn’t bring him back. David is father, Nodar is

Knightian Profits Due to Uncertainty

According to Frank Knight, real profits, as opposed to returns to labor or capital, come as a result of taking unknown and unmeasurable risks.

Bob Diamond, Head of Barclays, On his early days on the repo desk

He tells the story of being a young trader, looking with pride at his book of trades because he’d never made a trade that

Steve Fossett, World record balloonist and adventurer

Although he has climbed the highest mountains on six of the seven continents, he has not attempted Everest. “No, that’s off my list. I

Wilbur Wright

I have learned that carelessness and over-confidence are usually far more dangerous than deliberately accepted risk.

Roger Lowenstein

1994 bond debacle, sparked by raise in short term interest rates. ‘Swashbuckling Steinhardt lost $800 million of his investor’s money in 4 days, and