Loss Mitigation Quotes

The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out.

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong

Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.

Years ago, I tried my hand at business and incurred huge loss, and my only way out was to do a movie with Mammootty.

Do your worrying before you place your bet, not after the wheel stops turning.

Accidents will happen. We have formulated our policy on the assumption that some bluffing contest will eventually go wrong, resulting in dead soldiers. The focus has to be on minimizing damage.

It breaks even. We lose ten, twenty grand every year. But then the people who are working say, Look, I'll kick this back in, I don't need to take this profit share. It's very cooperative.

Mending the fence when one loses a sheep is still not too late.

Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss - not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.

Fannie Mae has traditionally only bought and sold mortgages. But when a loan held by the company goes into foreclosure, Fannie Mae gains ownership of the underlying property until it is resold to new investors.

Governments and local administrative bodies decide to inform the public of their mistakes only when losses have become disproportionately great.

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

Had Hillary Clinton taken [Bill Clinton's advice], I think she could have mitigated her losses but I still think [Donald] Trump would have won.

What protects you in this world from sadness and from the loss of an ability to do something? ... Work and love.

In a bankruptcy, everyone around the table has an interest in making the workers take a haircut. The more the workers take a haircut, the more money there is for the bondholders and stockholders.

When Leo takes the record from me, it will hurt a little. But it's not just anyone taking it away. It's not a normal person. A Martian is taking it from me. That makes me feel a little better.

A disaster like a hurricane is like a football game. You are going to lose the first quarter. There is no way you will win that quarter. The question is how ugly you will lose that quarter. Then you go into the second quarter – the search and rescue.

A wise man fights to win, but he is twice a fool who has no plan for possible defeat.

If I win, I win. And if I lose, I spare myself untold agony.

Profit or loss is not guaranteed. That depends on the consumer and depends on the product. That's a risk that business people take.

The best traders are not right more than they are wrong. They are quick adjusters. They are better at getting right when they are wrong.

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

But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago.

I will compensate all your one-inch, two-inch losses because I know how important every inch is to you aged, decrepit men.