Quotes About Risk

One way to get the most out of life is to look upon it as an adventure.

One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

Buzzy Trent, an old-time big-wave rider, allegedly said, "Big waves are not measured in feet, but in increments of fear.

Binder was living on the edge already and knowing it, knowing that he was spending time like money he might not be able to replace.

Sometimes any move at all is better than nothin. If you're right you're one up. If you're wrong you start over.

We have no future because our present is too volatile. We have only risk management. The spinning of the given moment's scenarios. Pattern recognition.

He noted in one of his earliest memos that the average annual return for stocks from 1926 to 1987 was 9.44 percent, but "if you had gone to cash and missed the best 50 of those 744 months, you have would have missed all of the return. This tells me that attempts at market timing are a source of risk, not protection."*

As Kahn put it, the secret of investing could be expressed in one word: "safety." And the key to making intelligent investment decisions was always to begin by asking, "How much can I lose?

Consider the brutal mathematics of financial loss: if you lose 50 percent on an ill-considered bet, you'll need a 100 percent gain just to get back to where you started.

Peri clitatur pietas in negotiis—religion never goes in more danger than when in a crowd of worldly busi ness.

Love never thinks itself a loser so long as it keeps its beloved; yea, it is ambitious of any hazardous enterprise, whereby it may sacrifice itself in the service of its beloved, as we see in David, who put his life in his hands for Michal. How

Time is the deadly enemy of the technology business. Today's great idea is tomorrow's obsolete concept. The longer it takes a company to get its product to the market, the greater the likelihood a competitor will be there first. Big plans with extended schedules are a risk in any business,

a logical man must behave in a crisis as if his calculated risk were indeed a certainty Ã¢â'¬Â¦

In a few days an officer came to our camp, under a flag of truce, and informed Hamilton, then a captain of artillery, but afterwards the aid of General Washington, that Captain Hale had been arrested within the British lines condemned as a spy, and executed that morning.

If you are such an individual and become upset when one of your asset classes does poorly, even when the rest of your portfolio is doing well, then you should not be managing your own money.

the best fishing is done in the most stormy waters.

market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high;

If your portfolio risk exceeds your tolerance for loss, there is a high likelihood that you will abandon your plan when the going gets rough.

Because we cannot predict the future, we diversify. —Paul Samuelson

The ancient incense trade was thus no different from the modern cocaine and heroin trades: relatively safe around the raw agricultural source, but highly risky around the finished product and its ultimate consumers.

But in the investment arena, our social instincts are poison.

If you decide to buy bonds or a bond fund, make sure the average maturity is less than the time horizon of the savings.

the most profitable thing we can learn from the history of booms and busts is that at times of great optimism, future returns are lowest; when things look bleakest, future returns are highest. Since risk and return are just different sides of the same coin, it cannot be any other way.

Nowhere is historian George Santayana's famous dictum, "Those who cannot remember the past are condemned to repeat it," more applicable than in finance. Financial history provides us with invaluable wisdom about the nature of the capital markets and of returns on securities. Intelligent investors ignore this record at their peril. Risk