Another nice quote I came across only recently:
"All of life is the management of risk, not its elimination."
Walter Wriston, former chairman of Citicorp
Mahalanobis - am 2005-10-14 09:44 - Rubrik: misc
HedgeFundGuy meinte am 14. Oct, 19:22:
of course, Wriston almost bankrupted his company lending to countries on the theory that countries couldn't default, because they could always raise taxes. Then came Mexico and the rest.
