Risk rules of law

Risk is never destroyed, only transferred.

Risk is never eliminated, only transformed. 

Your risk reduction is someone else's increase.

There is good risk and bad risk and the rules above apply to both.

How can you describe the principles of risk management in as few a words as possible? These four sentences provide the basics for thinking about risk in total for the economy, but do not apply to the individual investor who can do something to change their risk profile. Risk can be reduced, yet it will always come at a cost.