Risk or Uncertainty...

"Risk is measurable uncertainty, Uncertainty is unmeasurable risk"

Author Unknown
source

The unexpected...

"One should expect that the expected can be prevented, but the unexpected should have been expected"

Augustine Law XLV
source

Risk Management is...

"Risk Management is about 'failing better than anyone else."

Jos Berkemeijer
source

Round numbers...

"Round numbers are always false"

Samuel Johnson
source

My left brain is...

"My left brain is always right!"

Joshua Maggid
source

Law of High Impact...

"In case of high Impact, Probability is irrelevant"

Jos Berkemeijer
source

Certainty...

"A reasonable probability is the only certainty."

E. W. Howe
source

Survival rate...

"On a long enough timeline, the survival rate for everyone drops to zero."

Zero Hedge
source

Average...

"When she told me I was average, she was just being mean."

Mike Beckman
source

Confused...

"If you are not completely confused by Risk, you do not understand it."

Jos Berkemeijer
source

Chaos...

"Chaos is Unrecognized Order"

Jos Berkemeijer
source

Safety...

"The dangers of life are infinite, and among them is safety."

Goethe
source

Theory or Practice...

"In theory there is no difference between theory and practice. In practice there is."

Yogi Berra
source

Predictions...

"You should never make predictions, especially about the future."

Samuel Goldwyn
source

Counted...

"Everything that can be counted does not necessarily count; everything that counts cannot necessarily be counted."

Albert Einstein
source

Too Cautious...

"The policy of being too cautious is the greatest risk of all."

Jawaharlal Nehru
source

Learning...

"Not learning by doing, but learning by risking."

Toba Beta (Master of Stupidity)
source

Stupidity...

"Intelligence minus purpose equals stupidity."

Toba Beta (Master of Stupidity)
source

Risk Management...

"Risk Management: the art of foreseeing hindsight."

Jos Berkemeijer
source

Harbor...

“A ship is safe in harbor, but that's not what ships are for.”

William Shedd
source

Security...

"Security is mostly a superstition."

Helen Keller
source

Understand Everything...

“If you understand everything, you must be misinformed”

Japanese Proverb
source

Happy...

"Take risks: if you win, you will be happy; if you lose, you will be wise."

Anonymous
source

Risk Nothing...

"If you risk nothing, then you risk everything."

Geena Davis
source

Wait for Perfection...

"A man would do nothing, if he waited until he could do it so well that no one would find fault with what he has done."

Cardinal Newman
source

What Scares You...

"Do one thing every day that scares you."

Eleanor Roosevelt
source

In Control

"If you feel 'in control', you probably aren't."

Jos Berkemeijer
source

Under Control...

"If everything seems under control, you're just not going fast enough."

Mario Andretti
source

Going Too Far...

"Only those who will risk going too far can possibly find out how far it is possible to go."

T.S. Eliot
source

Round Numbers...

"Round numbers are always false."

Samuel Johnson
source

Judgement...

"Statistics are no substitute for judgement."

Henry Clay
source

Prove it...

"Don’t prove anything unless you know it is true."

Steve Piantadosi, Johns Hopkins
source

Risk Invisibility...

"Risk is not always apparent, but its invisibility is no longer an excuse for ignoring it"

Bankers Trust on risk management (1995)
source

Statistical thinking...

"Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write."

H.G. Wells
source

Statistical thinking...

"Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write."

H.G. Wells
source

Prediction...

"Prediction is difficult, especially the future."

Niels Bohr
source

Bad Decisions...

"An important source of bad decisions is illusions of certainty"

Kenneth Boulding
source

Change...

"There is nothing so stable as change."

Bob Dylan (1963)
source

Low Standards...

"If your standards are low enough you can never be wrong"

Frank Wilczek
source

Collapse...

"Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes"

Charles Goodhart (1975)
source

Heading...

"If you don’t know where you are going, you’ll end up someplace else"

Lawrence J. Peter
source

Credit Markets....

"Credit markets do not function. Why not, because the word credit comes from credibility" 

AIG Vice Chairman Jacob Frenkel
source

Balance sheet...

The left side of the balance sheet has nothing right and the right side of the balance sheet has nothing left. But they are equal to each other. So accounting-wise we are fine."

AIG Vice Chairman Jacob Frenkel
source