Risk principle 1: Know where you are -- Risk principle 2: Know what you don't know -- Risk principle 3: Determine your appetite for risk -- Risk principle 4: Demand transparency -- Risk principle 5: Diversify -- Risk principle 6: Checks and balances -- Risk principle 7: Hard work -- Risk principle 8: Consider all the alternatives -- Risk principle 9: Risk is everyone's responsibility in the decision-making process -- Risk principle 10: The importance of reputation -- Risk principle 11: Fit your decision making into specific time frames -- Risk princple 12: Monitor outcomes continuously -- Risk principle 13: Identify and learn from your mistakes -- Risk principle 14: Enduring principles and perpetual process.