Risk Theory Quotes & Sayings

A risk to own anything: a car, a pair of shoes, a packet of cigarettes. Not enough to go around, not enough cars, shoes, cigarettes. Too many people, too few things. What there is must go into circulation, so that everyone can have a chance to be happy for a day. That is the theory; hold to the theory and to the comforts of theory. Not human evil, just a vast circulatory system, to whose workings pity and terror are irrelevant. That is how one must see life in this country: in its schematic aspect. Otherwise one could go mad. Cars, shoes; women too. There must be some niche in the system for women and what happens to them. — J.M. Coetzee

A theory's assumptions always are and ought to be unrealistic. Further, we should attempt to make them more unrealistic in order to increase a theory's fruitfulness. — Satoshi Kanazawa

It focuses on the need for comprehensive assessment and describes in detail the theory, processes, and instrumentation of forensic risk assessment, — Phil Rich

Infinite Jest not only says that being human is hard work; it makes us work hard. It not only suggests we put ourselves in service to something larger than ourselves; it is one of those larger somethings. That's its rhetorical genius, and is how Wallace gets his self-help "to fly at such a high altitude": Like AA, it is theory and praxis in a single stroke. Or: It is what it says, which may be the purest form of art. — Garth Risk Hallberg

Human individuals and human organizations typically have preferences over resources that are not well represented by an "unbounded aggregative utility function". A human will typically not wager all her capital for a fifty-fifty chance of doubling it. A state will typically not risk losing all its territory for a ten percent chance of a tenfold expansion. [T]he same need not hold for AIs. An AI might therefore be more likely to pursue a risky course of action that has some chance of giving it control of the world. — Nick Bostrom

Portfolio theory, as used by most financial planners, recommends that you diversify with a balance of stocks and bonds and cash that's suitable to your risk tolerance. — Harry Markowitz

There is a theory that creativity arises when individuals are out of sync with their environment. To put it simply, people who fit in with their communities have insufficient motivation to risk their psyches in creating something truly new, while those who are out of sync are driven by the constant need to prove their worth. — Gary Taubes

In some ways, risk-taking is the ultimate act of self-indulgence, an obscene insult to the preciousness of life. And yet, how can one dismiss something that persists despite every reasonable theory that it shouldn't? — Sebastian Junger

If I refuse to stop a murder because I am in doubt whether it be not justifiable homicide, I am virtually abetting the crime. If I refuse to bale out a boat because I am in doubt whether my efforts will keep her afloat, I am really helping to sink her. If in the mountain precipice I doubt my right to risk a leap, I actively connive at my destruction. He who commands himself not to be credulous of God, of duty, of freedom, of immortality, may again and again be indistinguishable from him who dogmatically denies them. Scepticism in moral matters is an active ally of immorality. Who is not for is against. The universe will have no neutrals in these questions. In theory as in practice, dodge or hedge, or talk as we like about a wise scepticism, we are really doing volunteer military service for one side or the other. — William James

I had come to expect that Chinese friends would make financial decisions that I found uncomfortably risky: launching businesses with their savings, moving across the country without the assurance of a job. One explanation, which Weber and Hsee call "the cushion hypothesis," is that traditionally large Chinese family networks afford people confidence that they can turn to others for help if their risk-taking does not succeed. Another theory is more specific to the boom years. "The economic reforms undertaken by Deng Xiaoping were a gamble in themselves," Ricardo Siu, a business professor at the University of Macau, told me. "So people got the idea that taking a risk is not just okay; it has utility." For those who have come from poverty to the middle class, he added, "the thinking may be, If I lose half my money, well, I've lived through that. I won't be poor again. And in several years I can earn it back. But if I win? I'm a millionaire! — Evan Osnos

My theory is that church used to be that place. Instead of being a place where you went to look good, it was a place where you could risk going every week to look your worst. — Chuck Palahniuk

All sorts of risk-benefit analyses and models of herd immunity tend to produce the conclusion that vaccination benefits the individual as well as the public. When Harvard researchers recently used game theory to build a mathematical model of vaccination behavior during an influenza epidemic, they found that even "a population of self-interested people can defeat an epidemic." No altruism is required. — Eula Biss

When we read about Creation in Genesis, we run the risk of imagining God was a magician, with a magic wand able to do everything. But that is not so. He created human beings and let them develop according to the internal laws that he gave to each one so they would reach their fulfillment. — Pope Francis

The growth stock theory of investing requires patience, but is less stressful than trading, generally has less risk, and reduces brokerage commissions and income taxes. — Thomas Rowe Price Jr.

As value investors, our business is to buy bargains that financial market theory says do not exist. We've delivered great returns to our clients for a quarter century-a dollar invested at inception in our largest fund is now worth over 94 dollars, a 20% net compound return. We have achieved this not by incurring high risk as financial theory would suggest, but by deliberately avoiding or hedging the risks that we identified. — Seth Klarman

Unlike other athletes, Frisbee people won't let it go. My theory is that this is because there's a huge overlap between people who are good at Frisbee and people who do Teach for America. The same instinct to make at-risk kids learn, which I admire so much, becomes deadly when turned on friends trying to relax on a Sunday afternoon in the park. — Mindy Kaling

The public never appears to tire of endless courses of strawberries and cream, and the theory that you run the risk of boring people with endless photo montages of the Chelsea Pensioners in their dress reds, or close-ups of a Pimm's Cup sprouting all kinda of flora, has yet to be proven. People like Wimbledon in the same way they like blue jeans or even their own spouses: for the pleasure yielded by their reliable sameness. — Peter Bodo

Political realism believes that politics, like society in general, is governed by objective laws that have their roots in human nature. In order to improve society it is first necessary to understand the laws by which society lives. The operation of these laws being impervious to our preferences, men will challenge them only at the risk of failure.
Realism, believing as it does in the objectivity of the laws of politics, must also believe in the possibility of developing a rational theory that reflects, however imperfectly and one-sidedly, these objective laws. It believes also, then, in the possibility of distinguishing in politics between truth and opinion - between what is true objectively and rationally, supported by evidence and illuminated by reason, and what is only a subjective judgment, divorced from the facts as they are and informed by prejudice and wishful thinking. — Hans J. Morgenthau

My principal contribution to the Black-Scholes option-pricing theory was to show that the dynamic trading strategy prescribed by Black and Scholes to offset the risk exposure of an option would provide a perfect hedge in the limit of continuous trading. — Robert C. Merton

It's a gamble you take, the risk of alienating an audience. But there's a theory - sometimes it's better to confuse them for five minutes than let them get ahead of you for 10 seconds. — Paul Thomas Anderson

Mark, therefore, the ordinary theory of practical religion, what it leads to. Charity is great, but the moment you say it is all, you run the risk of running into materialism. It is not religion. It is no better than atheism - a little less. — Swami Vivekananda

Maybe we should teach schoolchildren probability theory and investment risk management. — Andrew Lo

And, Mr. Knightley, forget my theory about Icarus. If you don't sail high, with the risk of crashing and burning, do you really live? Can you love? I doubt it. I'm ready to fly. Love, Sam — Katherine Reay

When love is a theory, it's safe, it's free of risk. But love in the brain changes nothing. — Bob Goff

[On Female Attraction to Men in Uniform] That male military persona feeds a subconscious, passive-aggressive female desire to dominate the warrior as he is perceived an iconic example of masculinity (particularly amongst traditionally warlike cultures). The damsel in distress theme always struck me as embodying this: the hapless, innocently beautiful woman unwittingly enraptures the heroic male so completely that he would risk all to submit to her at his own peril, and quite in spite of it. — Tiffany Madison

Theory in any branch of science entails a risk of detachment from reality — Quammen, David

Thankfully the rest of the world assumed that the Irish were crazy, a theory that the Irish themselves did nothing to debunk. They had somehow got it into their heads that each fairy lugged around a pot of gold with him wherever he went. While it was true that LEP had a ransom fund, because of its officers' high-risk occupation, no human had ever taken a chunk of it yet. This didn't stop the Irish population in general from skulking around rainbows, hoping to win the supernatural lottery. — Eoin Colfer

Because string theory is such a high-risk venture - unsupported by experiment, — Lee Smolin

Similar to Churchill's view that "democracy is the worst form of government except all the others that have been tried," although it is by no means a bulletproof theory, the CAPM is the best theory to explain the risk/return relationship that the greatest financial minds have been able to devise. — Matthew Krantz

However, The haven-Slocum Theory also points out that this course is not without risk. An even greater number of people dwelling on The Navidson Record have shown an increase in obsessiveness, insomnia, and incoherence: Most of those who chose to abandon their interest soon recovered. A few, however, required counseling and in some instances medication and hospitalization. Three cases resulted in suicide. — Mark Z. Danielewski

Their films would probably be better if they'd seen a few more films, which runs counter to this idiotic theory that you run the risk of being influenced if you see too much. — Jacques Rivette