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It's important to understand how people perceive risk, and how that translates into investment behavior.

There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded.

The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.

I have learned that nothing is certain except for the need to have strong risk management, a lot of cash, the willingness to invest even when the future is unclear, and great people.

Risk will always be a part of life. It's how we recognize this and deal with it that matters.

A lot of people simply don't realize their potential because they're just so risk adverse. They just don't want to take the risk.

Risk is trying to control something you are powerless over.

What you risk reveals what you value.

You want banks to take some risk, but intelligent risk.

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.