Sibel Edmonds Quotes

How do Ferrari know what I'm doing next year when I don't know what I'm doing next week?

You can build a statistical model and that's all well and good, but if you're dealing with a new type of financial instrument, for example, or a new type of situation - then the choices you're making are pretty arbitrary in a lot of respects.

There is nothing we can do to assure that this will never happen, but there is a lot we can do to assure that it happens more rarely.

If we have as a clear certainty with which to plan, total uncertainty, then that would be helpful.

The challenge of our times is to leave nothing to chance.

We necessarily operate in an environment in which there's a great deal of uncertainty. In such an environment, it makes sense to use a risk-management approach to identify and avoid the big mistakes. That's one reason I favor a cautious approach.

It's only a risk if you think there's a chance of failure.

Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.

We're hoping for the best, but we need to prepare for the worst.

One cannot plan for the unexpected.

Never make predictions, especially about the future.

You can measure opportunity with the same yardstick that measures the risk involved. They go together.

The 50-50-90 rule: Anytime you have a 50-50 chance of getting something right, there's a 90% probability you'll get it wrong.

If you have to forecast, forecast often.

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

I have made good judgments in the past. I have made good judgments in the future.

Chess helps you to concentrate, improve your logic. It teaches you to play by the rules and take responsibility for your actions, how to problem solve in an uncertain environment.

It is far better to foresee even without certainty than not to foresee at all.

We must become more comfortable with probability and uncertainty.

But to us, probability is the very guide of life.

Games are all about taking risks.

We know not of the future and cannot plan for it much.

I think there's a difference between a gamble and a calculated risk.

We are incredibly poor predictors of our future.

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