All economic activity is by definition "high risk." And…
“All economic activity is by definition "high risk." And defending yesterday--that is, not innovating--is far more risky than making tomorrow.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Risk is inherent in all economic actions; avoiding innovation is riskier than creating new opportunities.
In simple terms: Innovation carries less risk than stagnation.
Embrace innovation, avoid complacency.
Themes
Mood
Type
When to use this quote
- business strategy
- product development
- career decisions
Key Concepts
Questions to Reflect On
- What risks are you avoiding by staying the same?
- How can you measure the risk of innovation versus inertia?
Innovation can fail and waste resources.