About Quote by Barry Ritholtz
“Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.”
About This Quote
Source Book: The Big Picture, 2019
Investing is making probabilistic bets with limited knowledge of an uncertain future.
In simple terms: Invest with risk and limited data.
Accept uncertainty, manage risk.
Themes
Mood
Type
When to use this quote
- stock market
- personal finance
- startup funding
Key Concepts
Questions to Reflect On
- How do you assess unknowns?
- What data would improve decisions?
Probabilities can be misleading.