Quote

All of life is the management of risk, not its elimination.

Walter Wriston

Change background

T
T
T

Change font

TAGS & TOPICS

Walter Wriston
Age: 85 †
Born: 1919
Born: August 3
Died: 2005
Died: January 19
Banker
Middletown
Connecticut
Walter Bigelow Wriston
Elimination
Management
Risk
Life

More quotes by Walter Wriston

Image
Every line in the government's budget has its own constituency.
Walter Wriston
Image
There'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics.
Walter Wriston
Image
As long as capital-both human and money-can move toward opportunity, trade will not balance.
Walter Wriston
Image
A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.
Walter Wriston
Image
The guy with the competitive advantage is the one with the best technology.
Walter Wriston
Image
Information about money has become almost as important as money itself.
Walter Wriston
Image
The person who figures out how to harness the collective genius of his or her organization is going to blow the competition away.
Walter Wriston
Image
Risk is not a dirty word.
Walter Wriston
Image
Information is a business in itself. It is also something that has made control impossible ... you cannot get customers to accept prices in one place when they know there's a better deal elsewhere. It's a whole new world.
Walter Wriston
Image
One man saying that everything is wrong can command coast-to-coast attention in living color, a power not given to an absolute monarch a century ago.
Walter Wriston
Image
The greatest testimony to the human spirit that I'm witnessing now is the fact that people still come back to work, after all that has been done to them. They are still willing to participate for a more positive future if they would be sincerely invited.
Walter Wriston
Image
The Doomsayers have always had their uses, since they trigger the coping mechanism that often prevents the events they forecast.
Walter Wriston
Image
Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.
Walter Wriston
Image
The information revolution has changed wealth. Intellectual capital is far more important than money.
Walter Wriston
Image
A country does not go bankrupt.
Walter Wriston
Image
I walk into all these organizations, and I'm always puzzled when I realize that people still want to be there. Most people really want to love their organizations. We need that level of commitment ... Yet organizations have done very little to deserve that kind of staying-power.
Walter Wriston
Image
When you retire you go from Who's Who to Who's That?
Walter Wriston
Image
If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.
Walter Wriston
Image
Failure is not a crime. Failure to learn from failure is.
Walter Wriston
Image
Capital goes where it is welcome and stays where it is well treated.
Walter Wriston