Richard Thaler Quotes About Risk

Quotes about: Risk

• Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up 20 years later, he'd be happy. He would have been asleep through all the ups and downs in between. But few investors resemble Mr. Van Winkle. The more often an investor counts his money - or looks at the value of his mutual funds in the newspaper - the lower his risk tolerance.

  Richard Thaler

  Rip, Naps, Years

• A good rule of thumb is to assume that everything matters.

  Richard Thaler

  Risk, Thumbs, Matter

• I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

  Richard Thaler

  Thinking, People, Risk

  "Big Think Interview With Richard Thaler". bigthink.com. June 19, 2009.

• I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk.

  Richard Thaler

  Thinking, Giving, Risk

  Source: bigthink.com

• The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year selling credit default swaps, if we're going to keep five million of it in escrow for ten years, and with the right to go back and get it, if he starts losing money, then we're going to give people the right incentives not too take so much risk.

  Richard Thaler

  Mean, Years, People

  Source: bigthink.com

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