Warren Buffett Quotes

By definition, risk exposes businesses to danger.

Risk is part of our jobs.

Risk takes on a lot of different forms, be it financial, the draft slot, something physical.

However well organized the foundations of life may be, life must always be full of risks.

There is no elimination of all risks.

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

At the end of the day, there are risks; there's no question - in any sport, any activity.

Being an entrepreneur is all about risk. Being an entrepreneur is like going to Vegas every day and shoving all of your chips into the middle of the table every single day.

Uncertainty is bad for business.

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.

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!

Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.

The whole business is the crudest sort of stratagem, since we have no way of foreseeing it to the end. It is a mere paying out of rope on the chance that somewhere along the length of it will be a noose.

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

I haven't tried to buffer myself. I like rolling the dice.

One cannot plan for the unexpected.

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

If I do something, it's always 90% obvious and 10% unknown.

Business is all about risk taking and managing uncertainties and turbulence.

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

We must become more comfortable with probability and uncertainty.

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.

I think people have all faced decisions at times where you never know.

The only safe thing is to take a chance.

Games are all about taking risks.