“Risk comes from not knowing what you’re doing.” - Warren Buffett

“You can measure opportunity with the same yardstick that measures the risk involved. They go together.” – Earl Nightingale

“It is not a calculated risk if you haven’t calculated it.” – Naved Abdali

“Life is inherently risky. There is only one big risk you should avoid at all costs, and that is the risk of doing nothing.”  - Denis Waitley

“When you genuinely accept the risks, you will be at peace with any outcome.” - Mark Douglas

“When you play it too safe, you’re taking the biggest risk of your life. Time is the only wealth we’re given.” - Barbara Sher

“We try to protect against tail risk: the risk of unlikely but possible events that could be catastrophic.” - Seth Klarman

“When you invest in stocks or any other asset, your primary risk is the permanent loss of capital. Your secondary risk is a sub-par return, and that’s it. You don’t have any other risk.” – Naved Abdali

“Risk-taking is an inevitable ingredient in investing, and in life, but never take a risk you do not have to take.” - Peter Bernstein

“At times of shock, converting illiquid assets to cash to build flexibility is very expensive. Finding an umbrella in a rainstorm might be impossible or very costly.” - Myron Scholes

“Investment survival has to be achieved in the short run, not on average in the long run.” - Howard Marks

“It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy.” - Seth Klarman 

“A hot stock, like a hot stove, should be handled with care.” - Benjamin Graham

“If you risk something that is important to you for something that is unimportant to you it just doesn't make sense.”- Warren Buffett

“A large advance in the stock market is basically a sign for caution and not a reason for confidence.” - Benjamin Graham