There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded.

Robert F. Engle
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More Quotes By Robert F. Engle
  1. What is left when honor is lost?

  2. A wise man will be master of his mind, a fool will be its slave.

  3. The poor lack much, the greedy everything.

  4. Fate is not satisfied with inflicting one calamity.

  5. It takes a long time to bring excellence to maturity.

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