The bigger the risk, the bigger the reward

Meaning: Greater rewards require greater risks.

Origin: The link between risk and reward is a basic idea of finance. Theodore J. Hoover's The Economics of Mining (1948) described speculation as offering "the hopes of high reward in return for the incurring of high risk," but the proverb form has no traced first use.

Equivalents in French, Spanish, Japanese, and German

  • French: Plus le risque est grand, plus la récompense est grande (literally: The bigger the risk, the bigger the reward)
  • Spanish: A mayor riesgo, mayor recompensa (literally: The greater the risk, the greater the reward)
  • Japanese: ハイリスク・ハイリターン (Hairisuku hairitān) (literally: High risk, high return)
  • German: Wer nicht wagt, der nicht gewinnt (literally: He who does not dare does not win)

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