Risk Management Quotes

"When your army has crossed the border, you should burn your boats and bridges, in order to make it clear to everybody that you have no hankering after home." "Most large organizations embrace the idea of invention, but are not willing to suffer the string of failed experiments necessary to get there." "Be fearful when others are greedy and greedy when others are fearful" "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful" "The biggest risk is not taking any risk" "In this business, by the time you realize you're in trouble, it's too late to save yourself. Unless you're running scared all the time, you're gone." "Well private money can take risks in a way that government money often isn't willing to." "My philosophy is that if I have any money I invest it in new ventures and not have it sitting around." "The worst calamities that befall an army arise from hesitation." "It's OK to have your eggs in one basket as long as you control what happens to that basket." "We recently greenlit a particular Amazon Studios original. I told the team my view: debatable whether it would be interesting enough, complicated to produce, the business terms aren’t that good, and we have lots of other opportunities. They had a completel" "Companies are rarely criticized for the things that they failed to try. But they are, many times, criticized for things they tried and failed at." "We understand that and believe in failing early and iterating until we get it right. When this process works, it means our failures are relatively small in size (most experiments can start small), and when we hit on something that is really working for cus" "As a company grows, everything needs to scale, including the size of your failed experiments. If the size of your failures isn’t growing, you’re not going to be inventing at a size that can actually move the needle. Amazon will be experimenting at the righ" "The gambling known as business looks with austere disfavor upon the business known as gambling." "Risk comes from not knowing what you’re doing" "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1" "Newman's first law: It is useless to put on your brakes when you're upside down" "Any time you risk big you often risk losing big" "Diversification is protection against ignorance. It makes little sense if you know what you are doing"