To put money into anything, anywhere, provided that the…
“To put money into anything, anywhere, provided that the downside is measurable and acceptable and the chances of a good profit appear to be better than 50%. I will not take gambles, but it is part of my job description to be ready to take very carefully calculated risks.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Invest only when upside outweighs downside and probability of profit exceeds 50%; avoid reckless gambling, but embrace calculated risk.
In simple terms: Take calculated risks with favorable odds.
Key Takeaway
Assess risk/reward before acting.
Themes
investment
risk management
decision making
Mood
analytical
cautious
Type
financial
philosophical
When to use this quote
- stock selection
- venture capital
- portfolio diversification
- risk analysis
Key Concepts
expected value
probability
risk assessment
Questions to Reflect On
- What risks have you quantified?
- How do you define “acceptable” downside?
A Different Perspective
Risk assessment can be subjective and data may be limited.