Patrick Mak > Patrick's Quotes

“The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome and the linkage between effect and cause is hidden from us.”
― Peter L. Bernstein, Against the Gods: The Remarkable Story of Risk

“The information you have is not the information you want. The information you want is not the information you need. The information you need is not the information you can obtain. The information you can obtain costs more than you want to pay”
― Peter L. Bernstein, Against the Gods: The Remarkable Story of Risk