Quotes about risk

The thought flashed that this was what taking chances was—you always thought in the back of your mind that doing the right thing would lead you down the right path to the right outcome. But when it came down to it, you might still fail, and everything might end in disaster. Faith in your decision did not mean that the best was going to happen.

No act of knowledge acquisition is entirely without risk.

Nothing can be learned without some measure of risk, and, more vital still, of patience.

If you’re going to do something that crazy, save it for when it’ll make a difference. But absent near-omniscience there’s no way to know when that is. You can only make your best approximate calculation. You can only make your throw and try to puzzle out the results afterward.

Life is dangerous. That's what makes it interesting.

To be human is to be suspended between danger and opportunity. ...The challenge of life is to choose wisely, from the enormous number of possible dangers, what's worth worrying about. It is also about choosing, from all the opportunities... always in the face of incomplete knowledge of the consequences.

Those choice had to be made, Jeff thought He’d learned to accept the potential losses, in the hope that they would be outweighed by the gains. The only certain failure, he knew, and the most grievous, would be never to risk at all.

There are no promises in life, Sludig, but it seems to me smarter to take fewer chances.

In her new, more mature incarnation, she embraced the idea that maturity meant thinking about risk long before you pondered the reward, and that success and happiness in life were as much about avoiding mistakes as making your mark in the world.

The man who does nothing also takes a risk.

There is no evidence that risk takers in the economic domain have an unusual appetite for gambles on high stakes; they are merely less aware of risks than more timid people are.

Many unfortunate human situations unfold [...] where people who face very bad options take desperate gambles, accepting a high probability of making things worse in exchange for a small hope of avoiding a large loss. Risk taking of this kind often turns manageable failures into disasters.