Quotes About Risk

Some places in the world, such as Ramsar, Iran, have a tenfold higher background radiation

you're more likely to die while horseback riding (one serious adverse event every 350 or so exposures) than from taking Ecstasy (one serious adverse event every 10,000 or so exposures).

If at first the idea is not absurd, then there is no hope for it," Albert Einstein

we may see another speculative buildup followed by another crash, and so on until God makes people less greedy.

when the role of dissenter is left to the Fool, there may be trouble ahead for everybody.

the way stock prices are made, the silly and almost childlike basis upon which grown men decide that a stock should be bought, and at what price

think that people may be more careful for a year or two, and then we may see another speculative buildup followed by another crash, and so on until God makes people less greedy.

to travel faster than a speeding bullet is not much help if you and it are heading straight towards each other

Of 1,028 stock recommendations made by the typical brokerage firm during the first quarter of 2001 (the peak if the bull market), only 7 were "sell" recommendations.

The greatest Enemies of the Equity investor are Expenses and Emotions.

So please don't forget that considering the probabilities of future returns only begins the decision-making process. Decisions have consequences. If the consequences of being badly wrong about future returns would imperil your financial future, be conservative.

1) Selecting winning equity funds over the long term offers all the potential success of finding a needle in a haystack. (2) Selecting winning funds based on their performance over relatively short-term periods in the past is all too likely to lead, if not to disaster, at least to disappointment.

A recent study by Morningstar Mutual Funds—to its credit, one of the few publications that systematically tackles issues like this one—concluded essentially that owning more than four randomly chosen equity funds didn't reduce risk appreciably. Around that number, risk remains fairly constant, all the way out to 30 funds (an unbelievable number!), at which point Morningstar apparently stopped counting.

fundos geridos por] jovens brilhantes e dinâmicos que prometiam realizar milagres com o dinheiro das outras pessoas, […] [mas] que no fim inevitavelmente geraram prejuízos para o público".

At the outset, investing is an act of faith, a willingness to postpone present consumption and save for the future.

like sales margins or profits. In the short-term, stock prices

When navigating the financial markets, the long-term investor must keep in mind the four basic dimensions of long-term return — reward, risk, cost and time — and must apply them to every asset class. Never forget that these four dimensions are remarkably interdependent.

It is dangerous ... to apply to the future inductive arguments based on past experience.

In the casino, the house always wins. In horse racing, the track always wins. In the Powerball lottery, the state always wins. Investing is no different. In the game of investing, the financial croupiers always win, and investors as a group lose. After the deduction of the costs of investing, beating the stock market is a loser's game.

There is often less danger in the things we fear than in the things we desire.

There was a very cautious man Who never laughed or played He never risked, he never tried, He never sang or prayed. And when he on day passed away, His insurance was denied, For since he never really lived, They claimed he never really died. (Anonymous poem)

There is nothing we need to do that isn't dangerous.

men are undoubtedly more in danger from prosperity than from adversity. for when matters go smoothly, they flatter themselves, and are intoxicated by their success

When somebody who makes movies for a living - either as an actor, writer, producer or director - lives to be a certain age, you have to admire them. It is an act of courage to make a film - a courage for which you are not prepared in the rest of life. It is very hard and very destructive. But we do it because we love it.