The sin of slavery is one of which it may be said that without the shedding of blood there is no remission.
The prospect of getting rich is highly motivating, and few people get rich without taking a gamble.
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.
The word 'risk' derives from the early Italian risicare, which means 'to dare'. In this sense, risk is a choice rather than a fate. The actions we dare to take, which depend on how free we are to make choices, are what the story of risk is all about. And that story helps define what it means to be a human being.
The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than a whim of the gods and that men and women are not passive before nature.
As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.
What if I am wrong? Any rational investment plan has to start with that question.
My family is the most important thing in the world to me, too, before anything else.
More and more countries of the world have decided that corporations do a better job of generating and deploying capital than do states.
He was uniformly of an opinion which, though not a popular one, he was ready to aver, that the right of governing was not property, but a trust.
There is only one basic desire that motivates the spiritual seeker-to make the experience of God, of divine bliss and joy, the center of the life experience. We are spiritual beings living in a material universe, and as such, our first priority is to nurture that eternal part of us. The eleventh step of AA's twelve-step program states it beautifully: "Sought through prayer and meditation to improve our conscious contact with God as we understood him, praying only for knowledge of his will for us and the power to carry that out. "