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All economic activity is based upon an uncertain future. It is therefore bound up with risk. It is essentially speculation.Socialismp. 181Risk
Estimates of future volume of production, future sales, future costs, or future profits or losses are not facts, but speculative anticipations. There are no facts about future profits.Human Actionp. 812; p. 816Risk
There is no such thing as a safe investment.Human Actionp. 806; p. 810Risk
There is no such thing as independence of the vicissitudes of the market.Human Actionp. 806; p. 810Risk
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