Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Three, Fundamental Principles Of A Theory Of Gambling, p. 43
“The best strategy is one that offers the highest compound return consistent with no risk of going broke.”
Part One, Entropy, Private Wire, p. 69
Fortune's Formula (2005)
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William Poundstone 33
American writer 1955Related quotes
“The ultimate compound return rate is acutely sensitive to fat tails.”
Part Six, Blowing Up, Survival Motive, p. 297
Fortune's Formula (2005)

“Not taking risks one doesn't understand is often the best form of risk management.”
From his book: Fault Lines: How Hidden Fractures Still Threaten the World Economy (2010) https://books.google.co.in/books/about/Fault_Lines.html?id=2RB3j_YfEg0C

What Are People For? (1990)
Context: A teacher's major contribution may pop out anonymously in the life of some ex-student's grandchild. A teacher, finally, has nothing to go on but faith, a student nothing to offer in return but testimony.
"Wallace Stegner and the Great Community".

Speech in the House of Commons (7 July 1981) http://hansard.millbanksystems.com/commons/1981/jul/07/defence-programme
Post-Prime Ministerial

Eat, Pray, Love (2006)
Context: I have always fallen in love fast and without measuring risks. I have a tendency not only to see the best in everyone, but to assume that everyone is emotionally capable of reaching his highest potential. I have fallen in love more times than I care to count with the highest potential of a man, rather than with the man himself, and I have hung on to the relationship for a long time (sometimes far too long) waiting for the man to ascend to his own greatness. Many times in romance I have been a victim of my own optimism.
Chap. 1 : The Problem of Cooperation
Proposition 1.
The Evolution of Cooperation (1984; 2006)

“If you want the best the world has to offer, offer the world your best.”