Henry Ford II Quotes

You have to make smart decisions, but you never know what will happen in the future.

If you have to forecast, forecast often.

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

Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference.

It would be foolish, in forming our expectations, to attach great weight to matters which are very uncertain.

A pinch of probability is worth a pound of perhaps.

Tis easy to see, hard to foresee.

All market response results from a reduction of uncertainty.

I think that we have to be constantly asking ourselves, 'How do we calculate the risk?' And sometimes we don't calculate it correctly; we either overstate it or understate it.

You don't trade in the devil you know for the one you don't know.

The more adaptability exists for a given kind of decision, the less risky it is to make plans for the future, and therefore the more likely it is that more people will make more plans in such areas.

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.

Think very carefully about what you want in life. Reckon with the risks.

I think we should follow a simple rule: if we can take the worst, take the risk.

Take calculated risks.

The entrepreneurial mind-set is that risk is the heightened probability that there is a big range of possible outcomes.

You have to take calculated risks in life.

With uncertainty in one scale, courage and self-confidence should be thrown into the other to correct the balance. The greater they are, the greater the margin that can be left for accidents.

Never make predictions, especially about the future.

I'm not the world's best philosopher. But I am one of the world's best strategists. I will put my strategic abilities against anybody on Earth.

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

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

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.

Between calculated risk and reckless decision-making lies the dividing line between profit and loss.