Richard Thaler Quotes

Everything's a risk, by the way, these days. Every film you make is a risk. There's no guarantee.

Investors don't like uncertainty.

There is little room for complacency, and it is important to guard against sporadic volatility in financial markets.

I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

Market risk is like taking a plunge into a cool pool ... a lot of people are finding out right now what their risk tolerance is.

If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!

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.

Sometimes I think we can tell how important it is to risk by how dangerous it is to do so.

Most business people today are not going to invest in the uncertainty that exists in America.

There is no safe haven in today's markets.

Betting on the success of innovative technologies in the marketplace can carry all the uncertainty and risk that betting on the next card in the deck does at a blackjack table in Las Vegas. There is a factor of randomness that must be factored in, but precisely how to do so is anyone's guess.

This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.

Just because a company's future is highly uncertain doesn't mean an investment in it is risky. In fact, some of the best potential investments are highly uncertain but have little risk of permanent capital loss.

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.

The hardest thing to judge is what level of risk is safe.

If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.

Risk is good. Not properly managing your risk is a dangerous leap.

At the end of the day, capital is a coward. It's going to flee from wherever it perceives risk to be present in the marketplace.

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

It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.

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.

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

We're in the business not so much of being contrarians deliberately, but rather we like to take perceived risk instead of actual risk. And what I mean by that is that you get paid for taking a risk that people think is risky, you particularly don't get paid for taking actual risk.

The markets don't like instability and they don't like uncertainty.