"The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome."

--

Source : Peter L. Bernstein (2012). “Against the Gods: The Remarkable Story of Risk”, p.239, John Wiley & Sons

Peter L. Bernstein

#Lying Quotes #Essence Quotes #Risk Quotes

“We make our decisions, and then our decisions turn around and make us.”
“A strength is what you do that makes you feel strengthened.”
“But such IMF pressure is very much helpful for me to push such a, you know, reform. So in this sense I think IMF is very much helpful for alien society.”
“A world of "if"s, but it would make no difference. If I could go back in time... but I couldn't. The past was behind me. The best thing now would be to stop looking over my shoulder. It was time to forget the past and look to the present and future.”
“One should never do that to another which one regards as injurious to one's own self.”
“Time was invented by the Almighty God in order to give ideas a chance.”
“They say rubbers mainly for perverts. Dont know why. Think its very practical, actually. I mean, you spill anything on it and it just comes off. I suppose that could be why the perverts like it.”
“God loveth adverbs; and cares not how good, but how well.”

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