Risk Management Quotes

"Where large sums of money are concerned, it is advisable to trust nobody." "Shorting is not a great business, its a great hobby." "It's far better to foresee even without certainty than not to foresee at all." "If you have to speculate to make money, then you ought to just let someone else do it for you who is more competent." "Never turn a trade into an investment." "Take calculated risks. That is quite different from being rash " "It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong" "Don't play games that you don't understand, even if you see lots of other people making money from them" "Investors should always keep at least half of their portfolio in cash." "Never turn a trading mistake into a long-term investment." "The only way to guarantee success in the stock market is to diversify your portfolio." "Living things are long volatility, equity is short volatility" "Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio" "People are afraid to take risks, not because of the stakes involved, but because of the risk of failure." "The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them" "Most decisions are two-way doors. If you make the wrong choice, you can walk back out, pick another door, and try again. You spend a little time on the first choice, realize it's not right, and move on. However, some decisions are one-way doors. These are highly consequential and hard to reverse. Once you go through, there's no going back. These decisions must be made deliberately and carefully. If there’s another way to analyze them, you should slow down and take the time to do so"