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I believe that every conversation you have is an invitation to risk revealing the real you.
Managing risk is very different from managing strategy. Risk management focuses on the negative-threats and failures rather than opportunities and successes.
Young players expose themselves to grave risks when they blindly imitate the innovations of masters without themselves first checking all the details and consequences of these innovations.
One of the challenges associated with a company becoming large is that companies become hierarchical. They become bureaucratic. They become slow. They become risk averse.
It takes faith and the courage to risk failure in order to realize one's destiny. Having had my share of failures throughout my career I know that it is well worth the risk.
Vulnerability is not weakness. And that myth is profoundly dangerous... I define vulnerability as emotional risk, exposure, uncertainty. It fuels our daily lives.
You can invest with less risk and make more money in the stock market. All you have to do is not be an average investor. Intelligence is the ability to make finer distinctions.
We are not so brazen as to believe that we can perfectly calibrate valuation; determining risk and return for any investment remains an art not an exact science
You want a valve that doesn't leak and you try everything possible to develop one. But the real world provides you with a leaky valve. You have to determine how much leakiness you can tolerate.
As with Three Mile Island, the hysteria of the media and the political class over the Deepwater spill is likely to lead to increased risk and adverse environmental tradeoffs.
I love a good cliffhanger. I love when big events happen in shows. I love shows that aren't afraid to take risks and to really do what's best for the story line and realistic for the story line.