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.
Nothing forces us to know What we do not want to know Except pain
-
Aeschylus
Wisdom is not making life any harder than it has to be.
-
Marty Rubin
Doesn't it seem that it is always by chance that these things happen, or is it because of the generosity of a shared knowledge of suffering that allows for it?
-
David Gianadda
Thoughts are tyrants that return again and again to torment us.
-
Anonymous
But a mermaid has no tears, and therefore she suffers so much more.
-
Hans Christian Andersen
More Quotes By Robert F. Engle
And whatever my life had been up to that day, it was another life after that. And that is the gospel truth.
It is not history. But I am beginning to wonder strongly what is the nature of history. Is it only memory in decent sentences, and if so, how reliable is it? I would suggest, not very. And that therefore most truth and fact offered by...
I was well aware how famously or infamously secretive these old institutions can be, no more than ourselves, a mixture of worry, lost power, perhaps even concern. That the truth may not always be desirable, that one thing leads to another thing, that facts not...
I suppose therefore God is the connoisseur of filthied hearts and souls, and can see the old, the first pattern in them, and cherish them for that.
After all the world is indeed beautiful and if we were any other creature than man we might be continuously happy in it.