Whitney Tilson Quotes

Well, there's always risk in long-term investment.

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

What I invest in, while not risky for me, may be too risky for most people.

I've learned that all investments have risk.

In some industries, we refer to risk taking as 'research and development.' At financial institutions, we often take risk by investing in securities.

I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.

It's the investor who is risky, not the investment.

There is no such thing as high returns without risk.

I have yet to take capital losses on any company. Then again, it's still early.

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

As a rule, bond funds will not double your money overnight.

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

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

If you were approaching the TARP investments from a pure investment standpoint, then there's no doubt in my mind the taxpayer lost, and probably lost big.

Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.

Investing is a business where you can look very silly for a long period of time before you are proven right.

I have no complaints about losing money I put in high-risk investments. I did some of that when I had real money; my informed choice, my measured gamble.

Investors don't like uncertainty.

Different industries have different risks and growth rates and volatility.

There is always risk involved. You can't be a capitalist only when there are investment profits but then a socialist when you experience losses.

Every time there's a dip in the market, we buy. If you don't buy the land right, it ain't going to work.

In the investment business, you must expect to be wrong.

Whatever you do needs to be sustainable over time, and taking the money in the short term and taking it in a bubble - like buying an Internet stock in 2000 - may not be sustainable.