David Einhorn Quotes

Indeed, better risk management may be the only truly necessary element of success in banking.

Since the 17th century, insurance agents have been the foremost experts on risk.

We test everything on a one- and a three-year cycle. And you want to stress-test a model, and the three-year test usually does that because you have a growth and value bias. You have different interest rate environments.

Everything's a risk, by the way, these days. Every film you make is a risk. There's no guarantee.

Maybe we should teach schoolchildren probability theory and investment risk management.

Risk models are a substitute for historical knowledge, because they tend to work with just three years' worth of data. But three years is not a long time in financial history.

Between calculated risk and reckless decision-making lies the dividing line between profit and loss.

One important measurement issue concerns the fat tails problem that I mentioned earlier. VAR is concerned with extreme outcomes. If the tails of the probability distributions we are using are too thin, our VAR measures are likely to be too low.

We don't take on Google Glass or the self-driving car project or Project Loon unless we think that on a risk-adjusted basis, it's worth Google's money to do it.

If you want to avoid all risks, soon you will have no risks to worry about.

I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

Market risk is like taking a plunge into a cool pool ... a lot of people are finding out right now what their risk tolerance is.

If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.

Risk is good. Not properly managing your risk is a dangerous leap.

It's off the charts - and if you don't believe the scientists, ask the insurance industry, the people we pay to analyze risk in our society.

My client loved risk. Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes.

If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!

Extra interest signifies extra risk.

If you want the most reward you have to take the most risk.

I am interested in risk, in art as well as in the realm of politics.

Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.

I know many members of our community steer clear of Wall Street because of the perception that the stock market is risky, but I am convinced the biggest risk of all is not taking one.

And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.

The greater the potential for reward in the value portfolio, the less risk there is.

The proposal is frequently made that the government ought to assume the risks that are "too great for private industry." This means that bureaucrats should be permitted to take risks with the tax payer's money that no one is willing to take with his own.