Mariana Mazzucato Quotes

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an individual, makes it fall light and easy upon the whole society.

The proposal is frequently made that the government ought to assume the risks that are "too great for private industry." This means that bureaucrats should be permitted to take risks with the tax payer's money that no one is willing to take with his own.

It is interesting that the investment industry has invented new ways to lose money when the old ways seemed to work just fine.

The best stuff happens when you take a chance. When you risk something and do the thing that the other people are taking a chance on, on a network kind of level, they will be rewarded. You know, risk-reward.

An entrepreneur is somebody who is taking bold risks, is often doing things that have never been done before, trying to do things better. And an adventurer is challenging themselves, often doing things that have never been done before, seeing what they're capable of. In both cases, you've got to protect against the downside.

Take calculated risks. Act boldly and thoughtfully. Be an agile company.

The quest for certainty in forecasting outcomes can be the enemy of progress.

All the way through, we have been willing to take risks, provided at the end of it we can get a decent lasting settlement in Northern Ireland

I think our society is no longer properly valuing the intangible potential of innovation, even if we have to be a little uncomfortable with the risks associated with it, and a little bit willing to fail, pick ourselves up and dust ourselves off and try again. We don’t seem to want to do that as much as we used too.

The world changes! So we're in a situation today where the only policymakers that have flexibility are central banks. But they don't have the instruments! So they've had to experiment, and the more you experiment, the more uncertainty and the higher the risk of collateral damage.

Everything involves a risk. No risk, no reward.

I am not aware of any specific provision that mandates any tightening of lending to small business other than a requirement that people who lend and then sell that loan be prepared to take a part of the risk. And I'm proud of that.

If you want the most reward you have to take the most risk.

My specific concerns with Trump's plans are that they are likely to investments in infrastructure where the private returns are highest (for example toll roads and bridges) rather than where the public gains are greatest.

The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me that the real things you want to hedge are real risks, for example, risks in innovation. The fact is that you'd like companies to be able to take bigger chances. Presumably one obstacle to successful R&D, particularly when the costs are large, are the risks involved.

I mean, the 1930s are the birth moment of modern public sector, government-driven infrastructure spending.

In the West everybody recognizes the need for a private sector, pretty much, even the one Socialist group understands this now, and so there tends to be debate about how much public sector intervention you think is needed for a variety of reasons, and there are very important differences on party lines that should be fought out.

The ultimate risk is not taking a risk.

The greater the potential for reward in the value portfolio, the less risk there is.

All economic activity is by definition "high risk." And defending yesterday--that is, not innovating--is far more risky than making tomorrow.

Dare to fail. If you never fail, you're never taken risks and that's no way to take on this life.

Teaming up with the scientists, researchers and computer programmers at Intel to collaborate and co-develop new ways to communicate, create, inform and entertain is going to be amazing.

An interesting attribute of public banks is that they don't only de-risk the downside, but also get a share of the upside.

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.