Edwin Lefevre Quotes

Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.

The stock market to me was like a video game. When it went off, it was like turning the game off. It wasn't something I'd think about until I'd turn the machine on again.

In the U.S., we didn't have scale, and without scale, it's difficult to operate.

Working for a big company is, I believe, much risker than it looks.

Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.

If your business had no risk, you could go get a bank loan and call it a day. VCs like risks - without them, venture capital wouldn't exist. But they need to be risks that VCs are good at assessing and managing.

It's much more difficult running a business than buying one.

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

Look, I think if you've got a niche portfolio or just operating in one country, like the United States, your ability to absorb the volatility is much less.

If there are some losses that you take, then we're all big boys - we shouldn't be crying.

I like the mode of business of aviation. It's a risky business with difficulties which you can fill with innovative ideas and different things.

I pay almost no attention to the charts.

We understand how to build and manage businesses that involve technology, engineering, and people at a large scale on a global platform.

You never want to be in a position where you can't make payroll.

Financial risk is always associated with drug discovery. But the benefit that a blockbuster drug can bring to the business can be phenomenal if you can take that risk.

Corporations understand the value of security because the leakage of their competitive information could be the end of the corporation.

When you lose control of risk at a financial institution, you do a variety of unfortunate credit extensions or purchases - and all of a sudden, you've blown up your business.

The actions of hedge fund managers in exercising their fiduciary responsibilities to their investors is not the reason why Chrysler is in jeopardy.

The economics of setting up a new restaurant are scary in good times and terrifying in bad ones.

Keep your debt low, and ask, Can your operational expertise make an impact? Then you're taking away a lot of the risk.

I play with leverage.

When you take smaller gambles, no one particular deal can be big enough to have a material adverse effect on the company.

Entrepreneurs love to view risk as binary. The more you put on the line, the greater the potential for reward.

My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered.

Every business makes big mistakes along the way.