Risk-management Quotes

You cannot buy players and know, for sure, that they can deliver. You cannot know because football is a team sport.

Unfortunately, our stock is somehow not well understood by the markets. The market compares us with generic companies. We need to look at Biocon as a bellwether stock. A stock that is differentiated, a stock that is focused on R&D, and a very, very strong balance sheet with huge value drivers at the end of it.

With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.

As Director of the FBI, I am sworn to ensure that my special agents have what they need to protect themselves and the citizens of this country, and that they are trained to properly use and properly deploy that equipment in the right times and places.

When you introduce something new to a country, you want to do it right. Generally, that means you have to do it yourself.

Rich people play the money game to win. Poor people play the money game to not lose.

Better reap two days too soon than one day too late

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

There's a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

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.

The greatest existential risks over the coming decades or century arise from certain, anticipated technological breakthroughs that we might make in particular, machine super intelligence, nanotechnology and synthetic biology. Each of these has an enormous potential for improving the human condition by helping cure disease, poverty, etc. But one could imagine them being misused, used to create powerful weapon systems, or even some kind of accidental destructive scenario, where we suddenly are in possession of some technology that's far more powerful than we are able to control or use wisely.

The big money is not in the buying and selling ... but in the waiting.

Markets can remain irrational longer than you can remain solvent.

The Stock Market is designed to transfer money from the Active to the Patient.

If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.

A management decision is irresponsible if it risks disaster this year for the sake of a grandiose future.

The problem with the French is that they don't have a word for entrepreneur.

Patience in Market, is worth Pounds in a year.

Invest at the point of maximum pessimism.

If we guard our toothbrushes and diamonds with equal zeal, we will lose fewer toothbrushes and more diamonds.

Redundancy is ambiguous because it seems like a waste if nothing unusual happens. Except that something unusual happens-usually .

We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good investments and that you wanted to be in good investments, and therefore, you'd just find a few of them that you knew a lot about and concentrate on those seemed to me such an obviously good idea. And indeed, it's proven to be an obviously good idea. Yet 98% of the investing world doesn't follow it. That's been good for us.

Concentrate your energy, thought and capital exclusively upon the business in which you are engaged... 'Don't put all your eggs in one basket' is all wrong. I tell you 'put all your eggs in one basket, and then watch that basket.'