• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 15, 2026

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Current price of oil as of June 15, 2026
Commentary

Trump’s Appetite for Risk Spells Trouble for US National Security

By
Stephen D. Biddle
Stephen D. Biddle
Down Arrow Button Icon
By
Stephen D. Biddle
Stephen D. Biddle
Down Arrow Button Icon
April 7, 2017, 5:29 PM ET
US-SYRIA-CONFLICT-MILITARY-STRIKE-TRUMP
US President Donald Trump delivers a statement on Syria from the Mar-a-Lago estate in West Palm Beach, Florida, on April 6, 2017. Trump ordered a massive military strike against a Syria Thursday in retaliation for a chemical weapons attack they blame on President Bashar al-Assad. A US official said 59 precision guided missiles hit Shayrat Airfield in Syria, where Washington believes Tuesday's deadly attack was launched. / AFP PHOTO / JIM WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)JIM WATSON/AFP/Getty Images
Add Fortune on Google for similar content.

Thursday night’s cruise missile attack on a Syrian airbase will be much debated in coming weeks. Critics will cite the danger of escalation or of ensnarement in a quagmire. Supporters will cite the danger of inaction. Russian and Iranian reactions will be scrutinized. All of this is important, but it misses an arguably bigger issue: how bold and risk-seeking do Americans really want the President to be?

Attacks like Thursday night’s are always gambles. They might work. But they can also fail in ways that could indeed escalate or entrap the United States in a quagmire. Barack Obama was famously cautious and risk-averse – faced with such gambles, he usually chose not to roll the dice, such as in 2013 when the Obama Administration declined to use force following a separate chemical attack in Syria. And this caution shaped all of U.S. Syria policy.

Donald Trump looks much more risk-tolerant. Perhaps as a result of his business background, he seems far more willing to make a bold move in the face of uncertainty. The strategic facts on the ground in Syria today are not significantly different than in 2013 – the real difference is a President who is much more prone to decide quickly and roll the dice when his gut instinct so directs.

This kind of bold move to accept risks can lead to short-term successes – or even a run of them. But as any poker player will tell you, no one’s luck holds forever. Even if the odds are good, if you keep rolling the dice then sooner or later everyone will roll snake-eyes.

For a business leader, this is tolerable – even admirable. After all, the societal consequences of a bad business gamble are usually small. A firm goes broke, some workers lose their jobs, investors take a haircut, but the economy as a whole moves on. Across many thousands of firms, substantial risk-tolerance actually nets out better than nervous risk-aversion: winners outnumber losers, and the country comes out ahead in the end.

For a President, though, the stakes are much higher and the perils much greater.

The Bush Administration rolled the dice by sending a handful of special forces commandoes into Taliban-held Afghanistan in 2001; together with the airstrikes they directed and assistance from Northern Alliance warlords, this gamble worked and toppled the Taliban in just a few weeks. Buoyed by this success, Bush doubled down two years later in Iraq. For a while, bold risk-taking looked like it had rid the world of two dictators, Mullah Omar in Afghanistan and Saddam Hussein in Iraq, at little cost to Americans. Pundits talked about a revolution in military affairs, and the Administration hoped it could re-shape the politics of the entire Mideast. But U.S. luck eventually ran out: both campaigns transformed into grinding insurgencies that soon drove the cost way beyond what most Americans thought the stakes warranted and cost almost 7,000 Americans their lives.

The generals Trump so admires are subject to the same perils. Douglas MacArthur was a hero following his bold, game-changing military gamble in the 1950 Inchon landing. Pundits lauded his courage and derided the cautious plodding of less-bold leaders. But the same risk-tolerance that looked heroic at Inchon then looked foolhardy a few months later at the Yalu when a confident advance designed to put the last nails in the North Korean coffin instead triggered Chinese counter-invasion, skyrocketing casualties, near military disaster, and eventual fruitless stalemate. Sooner or later, every bold risk-taker draws a bad hand. In business, this is bad for a few; in war, it can be disastrous for many, many more.

None of this means that either Presidents or Generals can succeed by declining all gambles. All public policy is decision-making under uncertainty, and inaction has risks, too. Nor was Barack Obama uniformly unwilling to take a gamble, as the Bin Laden raid shows. Maybe Thursday’s gamble will work for Trump.

But Trump looks much more prone to such gambles than his predecessor. And if Thursday’s strike really does deter further gas attacks or rekindle peace talks in Syria, then, this will only reinforce Trump’s proclivity for risk – just as early combat results in 2001-2002 did for George W. Bush before him, and for Douglas MacArthur in 1950.

Trump’s business went bankrupt six times when bold gambles went sour; in commerce, the opportunity to try again eventually worked for Trump the CEO, and he emerged a billionaire. The Trump presidency, however, could easily yield vastly worse outcomes for an entire country when that same bold risk acceptance hits its eventual bad hand. President Trump has his finger on the nuclear button and can send thousands of troops into harm’s way. Maybe Barack Obama erred with excess caution – but do we really want his successor to try out its opposite? We may soon wish for some cautious plodding in the Oval Office.

Stephen D. Biddle is adjunct senior fellow for defense policy at the Council on Foreign Relations (CFR) and professor of political science and international affairs at George Washington University.

About the Author
By Stephen D. Biddle
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

cj
CommentaryIBM
IBM’s $17 million DOJ settlement makes the case for civility
By Carolynn JohnsonJune 16, 2026
20 hours ago
Vietnam has bold plans for its economic future. It will need U.S. tech, capital, and speed to make them happen
CommentaryVietnam
Vietnam has bold plans for its economic future. It will need U.S. tech, capital, and speed to make them happen
By Brian McFeeters and Vu Tu ThanhJune 14, 2026
2 days ago
ivan
CommentaryMidwest
The Sun Belt boom is over. Midwest real-estate investors say ‘I told you so’
By Ivan BarrattJune 14, 2026
3 days ago
t
CommentaryTariffs
A quartz countertop tariff could double your kitchen renovation cost — and kill 13 jobs for every one it creates
By Steve SwedbergJune 14, 2026
3 days ago
nexstar
CommentaryAntitrust
Nexstar CEO: big tech swallowed local newspapers. Local TV could be next
By Perry A. SookJune 14, 2026
3 days ago
ravi
CommentaryWeather and forecasting
I spent 8 years flood-proofing a city. Capital markets are running out of time to take El Niño seriously
By Ravi S. BhallaJune 13, 2026
4 days ago

Most Popular

Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
18 hours ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago
Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
17 hours ago
Current price of silver as of Monday, June 15, 2026
Personal Finance
Current price of silver as of Monday, June 15, 2026
By Joseph HostetlerJune 15, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.