Michael Hintze Quotes

Investors need to get rewarded for their investment, especially in unstable countries.

Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.

When you have less risk, you have more fun. You can take risks. It's much easier to take risks when there's less money on the line.

It's actually a pretty basic concept: when businesses feel secure and confident, they are more likely to grow, hire, and invest. Conversely, when the economy is unstable, businesses often become much more risk averse, and in many cases, they're forced to make undesirable cuts that affect their bottom line.

I'm not telling anyone, 'Quit your job and be homeless to go for your dream.'

One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.

There is no safe haven in today's markets.

The bottom-line message of history is that if you're doubling and tripling your money in record time, you're also more likely to lose it all.

I have a perverse attraction to risk. Not physical risk but emotional, financial risk - anything than can't kill you immediately.

We concluded that you cannot rely on delta hedging alone. It sounds simplistic to say that now, but back then, this was the sort of thing people were only just beginning to realize.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

I could never gamble on stocks and shares because I saw my father get hurt that way - he lost quite a lot of money when the stock market collapsed in 2001.

In troubled times the last thing you want to do is to stick your money into a film. It's such a gamble.

The rich are those who play to win. The middle class plays not to lose.

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

When we're in a peak, we make a ton of money, and as soon as we make a ton of money, we're desperately looking for a way to spend it. And we diversify into areas that, frankly, we don't know how to run very well.

When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses - how exactly are you going to make money?

Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.

Uncertainty is seen to retard investment independently of considerations of risk or expected return.

In other words, Social Security is every bit as insecure as the stock market.

As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It's like crime without punishment or sex without sin.

I will never be in the stock market. It's just gambling. I'm a gambler, but I'll gamble on the practicality of things.

To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors.

Their argument is that most shows are losers, which is true, but it's also disingenuous to say, 'We are not going to take the risk unless it is totally covered by the few successful shows that are out there.'