Almost anything worth doing involves some measure of risk - from learning to ride a bike, moving to a new city, and… — Fabrizio Moreira Copy Share Image
Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or… — Charlie Munger Copy Share Image
We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent… — Charlie Munger Copy Share Image
“Somehow, when ownership interests are divided into shares that bounce around with Mr. Market’s moods, individuals and professionals start to think about… — Joel Greenblatt Copy Share Image
A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also… — Myron Scholes Copy Share Image
![“We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. Some great businesses have very volatile returns - for example, See's [a candy company owned by Berkshire] usually loses money in two…” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/50c/charlie-munger-458_candy_we-regard-using-a-stock-s-volatility-as_1564654.jpg)
