Afford Quote by Andrew Lo
“Some people might say, 'Can we afford it?' I think that's asking the wrong question... We should instead be asking, 'Can we really afford not to try?'”
About This Quote
Source Interview: Financial Insights Podcast, 2020
Instead of focusing on cost, consider the loss of not trying; risk‑taking is essential for progress.
In simple terms: Ask what you lose by not trying.
Key Takeaway
Weigh opportunity cost of inaction.
Themes
risk
opportunity
innovation
Mood
thoughtful
analytical
Type
philosophical
strategic
When to use this quote
- investment decisions
- career moves
- product development
- social change
Key Concepts
decision theory
behavioral economics
Questions to Reflect On
- What opportunities are you avoiding?
- How do you evaluate potential loss of inaction?
A Different Perspective
Uncertainty may make attempts costly; not all risks pay off.
