“When you just wing it, you are aware of the risk and the uncertainty, and inclined to be more cautious. When you… — Neal Stephenson Copy Share Image
Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives… — Mohnish Pabrai Copy Share Image
Investors frequently benefit from making decisions with less than perfect knowledge and are well rewarded for bearing the risk of uncertainty. The… — Seth Klarman Copy Share Image
“...the ratings agencies' problem was in being unable or uninterested in appreciating the distinction between risk and uncertainty.” — Nate Silver Copy Share Image
“In the short run, however, stock returns are very volatile, driven by changes in earnings, interest rates, risk, and uncertainty, as well… — Jeremy J. Siegel Copy Share Image
However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than… — Daniel Kahneman Copy Share Image
![“Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much.” quote by Mohnish Pabrai](https://sms4smile.com/quotes/img-quotes/a52/mohnish-pabrai-17471_coins_wall-street-sometimes-gets-confused-betw_1495973.jpg)
