Risk Vs Reward Quotes

“I am not where I am because of luck. I am where I am because I took risks others weren’t willing to take. The world rewards the risk takers. It always has. It always will.”
― Dan Pearce, Single Dad Laughing: The Best of Year One

“[Studies have found] that the typical entrepreneur earns less monetary compensation than her employee counterpart. Why then do so many entrepreneurs willingly engage in what is inherently risky activity? Because the additional psychic rewards—being one’s own boss, pride in self-accomplishment, and so forth—make the entrepreneurial endeavor worthwhile even if the entrepreneur does not gain the mega-prize. This, in turn, helps explain why entrepreneurs have a comparative advantage relative to large companies in attempting to discover and commercialize breakthrough innovations. Because a not insignificant portion of the entrepreneur’s “income” from her activity is psychic, the entrepreneur is the low-cost provider of radical innovation.”
― William J. Baumol, Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

“Playing it safe is how most people lose slowly.”
― Joseph C. Kunz Jr., Money's Dirty Little Secrets: How to Break the Rules, Get Filthy Rich, and Laugh All the Way to the Bank