Non Financial Risk Quotes

#1. Just as Wall Street needs to break the hold of the bonus culture, which drives risk-taking that is rational for individuals but damaging to the financial system, so science must break the tyranny of the luxury journals. The result will be better research that better serves science and society.

Randy Schekman

#2. For many of the most powerful people in the entertainment business, hostility to organized religion goes so deep and burns so intensely that they insist on expressing that hostility, even at the risk of financial disaster.

Michael Medved

#3. Life Insurance is a mitigation to the risk of your life
Financial Freedom is a mitigation to the risk of living your life !!
Choice has always been yours.

Manoj Arora

#4. I think risk is important. I don't care if it's a great financial risk or a physical risk. You only get out of something what you put into it and the fact that you are willing to risk something means that you are going to get a lot more out of it.

Yvon Chouinard

#5. Risk models are a substitute for historical knowledge, because they tend to work with just three years' worth of data. But three years is not a long time in financial history.

Niall Ferguson

#6. I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically
I should say, fully
hedged.

Alan Greenspan

#7. In financial services, if you want to be the best in the industry, you first have to be the best in risk management and credit quality. It's the foundation for every other measure of success. There's almost no room for error.

John G. Stumpf

#8. [High income tax rates] not only check consumption but discourage investment and encourage ... the avoidance of taxes [rather] than the production of goods.[ ... ]Our present tax system ... reduces the financial incentives for personal effort, investment, and risk-taking.

John F. Kennedy

#9. The received wisdom is that risk increases in the recession and falls in booms. In contrast, it may be more helpful to think of risk as increasing during upswings, as financial imbalances build up, and materializing in recessions.

Andrew Crockett

#10. Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoidtaxliabilities.

John F. Kennedy

#11. Being an entrepreneur means the ability to think out of the box by putting away our fear of any risk, including financial.

Ciputra

#12. If you're not staying on top of your money, you are putting your financial well-being at risk.

Suze Orman

#13. The Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.

Richard Shelby

#14. No partnership, for that matter, would have hired me, or anyone remotely like me. Was there ever any correlation between an ability to get into, and out of, Princeton, and a talent for taking financial risk? At

Michael Lewis

#15. Do not trust financial market risk models. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science.

Seth Klarman

#16. Structured settlements are a common way for people who have been injured to receive an insurance payout. The periodic payments provide ongoing income and reduce the risk of blowing a lump sum through poor financial choices.

Suze Orman

#17. Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008.

Said Elias Dawlabani

#18. There is a simple way of avoiding excess risk-taking by the managers of our financial institutions. It is to make it a crime ... had a crime for reckless management of a financial institution been on the books, Northern Rock and RBS would not have blown up.

Paul Collier

#19. For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.

Henry Paulson

#20. Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.

Uday Kotak

#21. 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

#22. The biggest profit center for investment banks is the hefty fees they charge for underwriting stock offerings and giving financial advice, and analysts put those profits at risk if they publish negative conclusions about the companies that pay the fees.

Alex Berenson

#23. In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

Timothy Geithner

#24. I have a perverse attraction to risk. Not physical risk but emotional, financial risk - anything than can't kill you immediately.

Scott Adams

#25. I believe the more personally removed people are from a major financial event, the less it is to affect their appetite for risk.

Ziad K. Abdelnour

#26. A person whose financial requirements are modest and whose curiosity, skepticism and indifference to reputation are outsized is a person at risk of becoming a journalist.

Louis Menand

#27. The main effect of turning a partnership into a corporation was to transfer the financial risk to the shareholders. "When things go wrong it's their problem,

Michael Lewis

#28. I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in financial history.

Niall Ferguson

#29. Diversifying sufficiently among uncorrelated risks can reduce portfolio risk toward zero. But financial engineers should know that's not true of a portfolio of correlated risks.

Harry Markowitz

#30. Taking away the risk from the financial sector and taking it on to the public shoulders is not the right approach.

Jeroen Dijsselbloem