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Our greatest asset is the one we distrust the most: the built-in antifragility of certain risk-taking systems.
--
p. 171

 

Nassim Nicholas Taleb

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To love is to risk not being loved in return. To hope is to risk pain. To try is to risk failure, but risks must be taken, because the greatest hazard in life is to risk nothing.

 

Leo Buscaglia

 

"I fear the future I wish for my children is at risk, so I'm taking action. Please join me. Our greatest risk is not terrorism, and it's not Iraq or the "Axis of Evil". Our greatest risk is a lack of leadership, a lack of honesty and a complete lack of consciousness. Unfortunately our current government cannot see the big picture. They think too small. They suffer from the “what's in it for me?” syndrome. The simple truth is that the current administration has squandered incredible opportunities to bring the world together, to promote peace in regions that have only known war, to encourage health in places that are ravaged with disease, to make us more secure by living up to our principles at home and abroad. The simple truth is that the policies of our current administration do not reflect what is great about America." From Madonna's open letter about the War in Iraq & the Bush administration

 

Madonna Ciccone

 

"I fear the future I wish for my children is at risk, so I'm taking action. Please join me. Our greatest risk is not terrorism, and it's not Iraq or the "Axis of Evil". Our greatest risk is a lack of leadership, a lack of honesty and a complete lack of consciousness. Unfortunately our current government cannot see the big picture. They think too small. They suffer from the “what's in it for me?” syndrome. The simple truth is that the current administration has squandered incredible opportunities to bring the world together, to promote peace in regions that have only known war, to encourage health in places that are ravaged with disease, to make us more secure by living up to our principles at home and abroad. The simple truth is that the policies of our current administration do not reflect what is great about America." From Madonna's open letter about the War in Iraq & the Bush administration

 

Madonna

 

The growth in money and credit has outpaced both savings and economic growth. These inflationary pressures have been concentrated in asset prices, not consumer price inflation--keeping monetary policy too easy. This increase in asset prices has fueled domestic borrowing and spending. Government policy and the increase in securitization are largely responsible for this bubble. In addition to loose monetary policies by the Federal Reserve, government-sponsored enterprises Fannie Mae and Freddie Mac have contributed to the problem. The fourfold increases in their balance sheets from 1997 to 1998 boosted new home borrowings to more than $1.5 trillion in 1998, two-thirds of which were refinances which put an extra $15,000 in the pockets of consumers on average--and reduce risk for individual institutions while increasing risk for the system as a whole.

 

Ron Paul

 

I think what I learned is that wealth comes not just from taking risk but from constantly taking risks.

 

Andy (author) Kessler