Quotes About Investment

That was my best investment—risk turned out to be the topic I know the best.

By betting against fragility, they were antifragile.

how rich you'd be today had you liquidated your portfolio at the height of the NASDAQ bubble).

skin in the game is necessary to understand the world.

90 percent of all options expire as losses.

investors are led to overestimate their chances of success.

those who have more than their skin in the game. They have their soul in the game.

In other words, I aim at profiting from the rare event, with my asymmetric bets.

Now, when you read material by finance professors, finance gurus, or your local bank making investment recommendations based on the long-term returns of the market, beware. Even if their forecasts were true (they aren't), no individual can get the same returns as the market unless he has infinite pockets and no uncle points.

volatility benefits managers since they only get one side of the payoffs.

Retirees get less upside than downside.

the easier it was to make money.

In the decentralized hedge fund space, on the other hand, owner-operators have at least half of their net worth in the funds, making them relatively more exposed than any of their customers, and

Um peru é alimentado durante mil dias por um açougueiro; cada dia

that classroom education does not lead to wealth as much as it comes from wealth

There is one world in which I believe the habit of mistaking luck for skill is most prevalent—and most conspicuous—and that is the world of markets. By

Many kids would learn to love mathematics if they had some investment in it, and, more crucially, they would build an instinct to spot its misapplications.

setting wealth back by several decades

absence of fluctuations in the market causes hidden risks to accumulate with impunity. The longer one goes without a market trauma, the worse the damage when commotion occurs.

Papa thought that any book worth reading twice was worth owning. So instead of buying desserts, we bought books.

A woman is a full time job. You have to choose your profession.

Modi shifted gears, refashioning himself as a nattily dressed, tech-friendly progressive who lured major companies, foreign and Indian alike, to invest in Gujarat.

What this suggests is that, contrary to economists, the discount rate accounts for only part of our relationship to the future. People are concerned about future generations. Even if the logic is hard to parse, they think that humanity's fate is worth more than an apartment.

Holding onto a sound policy through thick and thin is both extraordinarily difficult and extraordinarily important work. This is why investors can benefit from developing and sticking with sound investment policies and practices. The cost of infidelity to your own commitments can be very high. An