Rethinking Risk.
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Rethinking Risk.
In reality, risk is neither mathematical nor finite. Its impact depends to a great extent on how we perceive, process, and respond.
Stanley McChrystal • Risk
I found that risk is an essential ingredient to life. The ability to accept uncertainty enables one to stay cool during crisis. The willingness to risk also underpins discovery: creativity in science or art or other ventures into the unknown. Finally, accepting that outcomes are commonly uncertain and failure often possible (for that is inherent in
... See moreThomas F. Hornbein • Everest: The West Ridge, Anniversary Edition
the idea here is not to eliminate risk—risk-free projects tend to be incremental. Instead, the goal is to name, quantify, and work steadily to chip away at risk. As a corollary, when presenting an idea for a new project or startup company, be candid about risk—it has the paradoxical effect of making your case more convincing.