Correctly Quote by Barry Ritholtz
“Have a well-thought financial plan that is not dependent upon correctly guessing what will happen in the future.”
About This Quote
Source Book: “The Big Money Thinker” by Barry Ritholtz, 2019
Create a financial plan that doesn’t rely on predicting uncertain future events; focus on robustness.
In simple terms: Plan without guessing the future.
Key Takeaway
Build resilient financial strategies.
Themes
finance
planning
risk management
Mood
analytical
pragmatic
Type
financial
advice
When to use this quote
- retirement planning
- investment strategy
- business budgeting
- personal finance
Key Concepts
robustness
uncertainty tolerance
Questions to Reflect On
- What assumptions does your plan depend on?
- How can you test its resilience?
A Different Perspective
May underestimate need for flexibility.
![“Speech’ is such a thing that if handled [used] correctly, it encompasses all the major vows (mahavrats).” quote by Dada Bhagwan](https://sms4smile.com/quotes/img-quotes/1e5/dada-bhagwan-31_correctly_speech-is-such-a-thing-that-if-handled-u_301548.jpg)
