Acceptable Quote by Reid Hoffman
“Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.”
About This Quote
Source Talk: Risk Management, 2019
Attempting to eliminate risk entirely is flawed; risk must be reduced to acceptable levels, not erased.
In simple terms: Risk can’t be zero.
Key Takeaway
Manage risk to acceptable levels.
Themes
risk
management
decision making
Mood
pragmatic
analytical
Type
business
educational
When to use this quote
- investment
- healthcare
- project planning
Key Concepts
probability theory
behavioral economics
Questions to Reflect On
- What risks are truly unavoidable?
- How do you define acceptable risk?
A Different Perspective
Zero risk is unattainable.
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