Tuesday, July 28, 2009

Some Nice Quotes

From Howard Marks letter to be found here:

Einstein: Not everything that can be counted counts, and not everything that counts can be counted

Keynes: A speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware

Investors face two risks: a) The risk of losing money, and b) the risk of missing opportunity. Investors can eliminate one or another, but not both

The words of late Amos Tversky aptly represent my view: It's frightening to think that you might not know something, but more frightening to think that, by and large, the world is run by people who have faith that they know exactly what's going on

1 comment:

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