New products, new markets, new investors, and new ways of doing things are the lifeblood of growth. And while each innovation carries potential risk, businesses that don't innovate will eventually diminish.
Adena FriedmanRead
One of many strengths that I often see in successful women on Wall Street is a responsible balance between risk taking and risk mitigation - the ability to assess situations smartly and make the right medium-to-long-term decisions without being lured into reckless, short-term profit-taking.
Interpretation
What this quote means
Successful women on Wall Street demonstrate a balance between taking risks and managing them wisely.
In this quote, Adena Friedman emphasizes the importance of a measured approach to risk in achieving success, particularly for women in the competitive financial sector. Successful individuals are able to evaluate situations critically, balancing the potential for short-term gains with the necessity of making sound decisions that benefit them in the long run.
Themes
RiskSuccessDecision-MakingBalanceWomen In Finance
In practice
Example use cases
This quote could be used during a women's leadership conference to inspire attendees about the importance of strategic decision-making.
More from Adena Friedman
All quotes →Many women try to advance in their careers by having all the answers; by being the go-to person for information and advice; or by building expertise in a particular field. However, as they progress, gain broader responsibilities, and grow into leadership roles, they realize that their span of control is too vast to be able to know every answer.
Adena FriedmanRead
Empowering those around you to be heard and valued makes the difference between a leader who simply instructs and one who inspires.
Adena FriedmanRead
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