Charles Duhigg Quotes

If you want to avoid all risks, soon you will have no risks to worry about.

I'm totally comfortable with taking some risk, but as long as it's doctrinated in something that makes sense.

By definition, risk-takers often fail. So do morons. In practice it's difficult to sort them out.

There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.

Nobody ever lost money taking a profit.

We make a series of investments, some will pan out and some won't.

The concept of insurance is not to share risk but to avoid risk.

When you have less risk, you have more fun. You can take risks. It's much easier to take risks when there's less money on the line.

My risk tolerance is higher than some people's, but it's not nearly as high as some people's. I don't want to exaggerate my bravado. I haven't been on the front lines. I haven't ever stepped on a land mine.

I'm not looking to double my money with one golden opportunity.

Trust me: I know a good investment when I see one.

My whole business philosophy is based on a risk-reward ratio. But it's got to stack up. If it doesn't, don't do it. You might as well go to a casino.

I know many members of our community steer clear of Wall Street because of the perception that the stock market is risky, but I am convinced the biggest risk of all is not taking one.

I'm a risk manager, but I'm also a risk taker.

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.

Suning Appliance has no problem of financial risk. Do you think I'm risky? I'm definitely not risky.

The key, of course, is to stay away from the losing years.

All business proceeds on beliefs, or judgments of probabilities, and not on certainties.

I like not to feel that all my eggs are in one basket, or I get nervous.

If you have something at risk, you think differently.

In any business opportunity, you'd be looking, probably, primarily at the risk and return. Some business can be very risky with a low return; what you want is the lowest risk with the biggest return.

Take calculated risks. That is quite different from being rash.

Uncertainty is seen to retard investment independently of considerations of risk or expected return.

There is always risk involved. You can't be a capitalist only when there are investment profits but then a socialist when you experience losses.

I have a saying: There are no brave old people in finance. Because if you're brave, you mostly get destroyed in your 30s and 40s. If you make it to your 50s and 60s and you're still prospering, you have a very good sense of how to avoid problems and when to be conservative or aggressive with your investments.