Risk Sharing 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.

That is, many times we're not risking our own money, we're risking somebody else's money, or maybe that someone is going to back stop or downside, but we still get the upside.

In a capitalist system, there's a principle that if you invest, especially in a long-term risky investment, if something comes out of it, you're supposed to get the profit. It doesn't happen in our system. The taxpayer paid for it and gets nothing - assumes all of the risk, gets zero. The money goes into the pockets of Bill Gates and Steve Jobs, who are ripping off decades of work in the public sector.

God did not say that you should be able to borrow one hundred percent of the price of a house.

As costs mount, in lives and dollars, it is natural to second guess, but one lesson I hope we have learned is that the U.S. cannot go it alone in a policy that leaves American troops taking all the risk and American taxpayers paying all of the costs.

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.

The concept of insurance is not to share risk but to avoid risk.

A German firm called Friendsurance relies on people forming their own groups, which apply peer pressure to keep claims and costs lower. The result is refunded premiums for customers and profit for the company.

A tremendous amount of the entrepreneurial initiative, if you want to call it that, comes from the dynamic state sector on which most of the economy relies to socialize costs and risks and privatize eventual profit. And that's achieved by, if you like, advertising.

Global banking’s current structure generates an unjust distribution of risks, where losses are socialized.

The real question is how do you survive at the same time you pose those risks? Because you need to survive. And it seems to me that you survive in community or in solidarity, with others who are taking the risk with you.

He who shares the danger ought to share the prize.

We’re in a globalized world and the risk [of epidemics] is shared..

The same with the mortgage brokers that were selling people mortgages they couldn't afford. We shouldn't pay them on each mortgage they write. They should have what they call "skin in the game," where they've got to reimburse us if the guy who sold the mortgage defaults.

What is needed is both a New Deal in terms of mission-oriented investments but also a new deal in terms of a modern social compact - one that allows the state to socialize not only risks but also rewards. Maybe then innovation-led growth will also become growth that includes all of us.

I'm a character actor, so I don't take the hit if the movie's bad, the lead does. So, I don't want to be the lead. He takes the hit, I don't.

Well, I enjoy sharing in the dangers that we ask our men and women in uniform to share in almost every day.

For we have not even to risk the adventure alone, for the heros of all time have gone before us.

On Earth, men and women are taking the same risks. Why shouldn't we be taking the same risks in space?

The basic premise of insurance is the pooling of funds from many to cover the costs of some. There are complicated methods for how to do this, but one fact remains consistent: For insurance to work well, people need to be in and stay in the insurance pool.

That's free enterprise, friends: freedom to gamble, freedom to lose. And the great thing - the truly democratic thing about it - is that you don't even have to be a player to lose.

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

In some cases, corporations engaged in this activity have as much as 16 percent of their profits generated through the holding of 'janitor's insurance.'

All stakeholders must participate in the gains and losses of any particular situation.

Shareholders share in the downside and not necessarily in the upside; that's the whole story.