People think that bold projects don't get funding because of their audacity. That's not the case. They don't get funded because of a lack of measurability. Nobody wants to make a large up-front investment and wait ten years for any sign of life. But more often than not, if you can show progress along the way, smart investors will come on some pretty crazy rides.

People think that bold projects don’t get funding because of their audacity. That’s not the case. They don’t get funded because of a lack of measurability. Nobody wants to make a large up-front investment and wait ten years for any sign of life. But more often than not, if you can show progress along the way, smart investors will come on some pretty crazy rides.

A bold act requires a high degree of confidence. People who are the targets of an audacious act, or who witness it, cannot help but believe that such confidence is real and justified. They respond instinctively by backing up, by getting out of the way, or by following the confident person. A bold act can put people on their heels and eliminate obstacles. In this way, it creates its own favorable circumstances.

The day before something is truly a breakthrough, it's a crazy idea." Trying out crazy ideas means bucking expert opinion and taking big risks. It means not being afraid to fail. Because you will fail. The road to bold is paved with failure, and this means having a strategy in place to handle risk and learn from mistakes is critical.

We should willingly take risks in supporting new projects. The tendency is to play it safe when funding is low, but we need to remember that the greatest risks have the greatest payoffs.

Often in the real world, it’s not the smart who get ahead, but the bold. In

The key stumbling blocks have been related to the bankability of individual projects, and there are a number of factors feeding into this. The first one is cost recovery: the power sector is one example where many investment projects exist but the returns are affected by electricity tariffs that are well below market levels

Often in the real world, it's not the smart that get ahead, but the bold.

The prudent see only the difficulties, the bold only the advantages, of a great enterprise; the hero sees both; diminishes the former and makes the latter preponderate, and so conquers.

Great boldness is seldom without some absurdity.

Fortune favors the bold.

I also think we need to be more ambitious. You see projects and they are too timid, too small. International investors and financiers want scale. So we also help see the bigger picture and help ensure that these projects are appealing and will meet the requirements and benchmarks that we know investors will request.

Boldness will be at a disadvantage only in an encounter with deliberate caution, which may be considered bold in its own right, and is certainly just as powerful and effective; but such cases are rare.

It’s not the smart that get ahead, but the bold.