Success does not come without Risk
1 - There is no return without risk - rewards go to those who take the risks
2 - Be transparent - Risks should be fully understood
3 - Seek experience - risk is measured and managed by people, not mathematical models
4 - Know what you don't know - question the assumptions you make
5 - Communicate - Risk should be discussed openly
6 - Diversify - Multiple risks will produce more consistent rewards
7 - Show discipline - A consistent and rigorous approach will beat a constantly changing strategy
8 - Use common sense - it is better to be approximately right, than be precisely wrong
9 - Return is only 1/2 the equation - decisions should be made only by considering the risks and return of possibilities.
Tonight we celebrate the risk takers!