--- title: "Meaning & Key Takeaway of: There are two hedges I know of; one is…" description: "\"There are two hedges I know of; one is cash and the other is knowledge.\" — Bruce Berkowitz" image: "https://sms4smile.com/quotes/i/6b9/bruce-berkowitz-58436_cash_there-are-two-hedges-i-know-of-one-is-ca_2381785.png" --- # There are two hedges I know of; one is cash and the other… ![“There are two hedges I know of; one is cash and the other is knowledge.” quote by Bruce Berkowitz](https://sms4smile.com/quotes/i/6b9/bruce-berkowitz-58436_cash_there-are-two-hedges-i-know-of-one-is-ca_2381785.png) [Download](https://sms4smile.com/quotes/i/6b9/bruce-berkowitz-58436_cash_there-are-two-hedges-i-know-of-one-is-ca_2381785.png) [Open image](https://sms4smile.com/quotes/i/6b9/bruce-berkowitz-58436_cash_there-are-two-hedges-i-know-of-one-is-ca_2381785.png) > “There are two hedges I know of; one is cash and the other is knowledge.” [Bruce Berkowitz](https://sms4smile.com/quotes/author/bruce-berkowitz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The quote compares cash and knowledge as two essential hedges against uncertainty. **In simple terms:** Cash and knowledge protect against risk. Key Takeaway Diversify with liquidity and learning. Themes finance education risk management Mood pragmatic strategic Type financial advisory When to use this quote - investing - career development - entrepreneurship - emergency planning Key Concepts economics human capital Questions to Reflect On - How to balance financial and intellectual assets? - What hedges suit your current goals? A Different Perspective Knowledge can become obsolete; cash can lose value. ★ ★ ★ ★ ★ No ratings yet [Investing](https://sms4smile.com/quotes/about/investing/) ## Related quotes > [“Shrub roses readily create broad, informal hedges. Grandifloras make tall, narrow ones, while floribundas are best for low hedges. Space plants 24 inches”](https://sms4smile.com/quotes/maggie-oster/shrub-roses-readily-create-broad-informal-hedges-grandifloras-make/) [Maggie Oster](https://sms4smile.com/quotes/author/maggie-oster/) > [“The porn films are not about sex. Sex is airbrushed and digitally washed out of the films. There is no acting because none of…](https://sms4smile.com/quotes/chris-hedges/the-porn-films-are-not-about-sex-sex-is-airbrushed-and-digitally/) [Chris Hedges](https://sms4smile.com/quotes/author/chris-hedges/) > [The hedges are spruting like chicks from the eggs when they are newly hatched or as the vulgar says clacked.](https://sms4smile.com/quotes/marjorie-fleming/the-hedges-are-spruting-like-chicks-from-the-eggs-when-they-are-newly/) [Marjorie Fleming](https://sms4smile.com/quotes/author/marjorie-fleming/) > [“The hedges - yes, the hedges, the very synonym of Merry England - are yet there, and long may they remain. Without hedges England…](https://sms4smile.com/quotes/jefferies-richard-1848-1887/the-hedges-yes-the-hedges-the-very-synonym-of-merry-england-are-yet/) Jefferies Richard 1848-1887 > [You need hedges.""Hedges," I said, bemused. "Yes, Edgar." He looked surprised and a little disappointed, as if I had failed to understand a very…](https://sms4smile.com/quotes/stephen-king/you-need-hedges-hedges-i-said-bemused-yes-edgar-he-looked-surprised/) [Stephen King](https://sms4smile.com/quotes/author/stephen-king/) > [“She gazed across the veranda to a formal garden beyond. An area of green lawn was set up with chairs and tables, while behind…](https://sms4smile.com/quotes/ellen-read/she-gazed-across-the-veranda-to-a-formal-garden-beyond-an-area-of/) [Ellen Read](https://sms4smile.com/quotes/author/ellen-read/) > [Walls have tongues, and hedges ears.](https://sms4smile.com/quotes/jonathan-swift/walls-have-tongues-and-hedges-ears/) [Jonathan Swift](https://sms4smile.com/quotes/author/jonathan-swift/) > [When companies start measuring success by clicks that doesn't compute to us, the only thing that computes to us is cash.](https://sms4smile.com/quotes/bruce-berkowitz/when-companies-start-measuring-success-by-clicks-that-doesn-t-compute/) [Bruce Berkowitz](https://sms4smile.com/quotes/author/bruce-berkowitz/) > [To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that…](https://sms4smile.com/quotes/laurence-d-fink/to-finance-longer-life-spans-we-must-convince-individuals-to-start/) [Laurence D. Fink](https://sms4smile.com/quotes/author/laurence-d-fink/) > [After I graduated, I carried on with my academic work, via grants but I often had a market stall on Camden Market selling hand-painted…](https://sms4smile.com/quotes/bettany-hughes/after-i-graduated-i-carried-on-with-my-academic-work-via-grants-but-i/) [Bettany Hughes](https://sms4smile.com/quotes/author/bettany-hughes/) > [You might be a redneck if you have a picture of Johnny Cash, Willie Nelson, or Elvis over your fireplace.](https://sms4smile.com/quotes/jeff-foxworthy/you-might-be-a-redneck-if-you-have-a-picture-of-johnny-cash-willie/) [Jeff Foxworthy](https://sms4smile.com/quotes/author/jeff-foxworthy/) > [“It’s me,” he says softly. “Stop listening to everything else. Remember the way you feel when I’m kissing you and touching you. Don’t think with your…](https://sms4smile.com/quotes/m-leighton/it-s-me-he-says-softly-stop-listening-to-everything-else-remember-the/) [M. Leighton](https://sms4smile.com/quotes/author/m-leighton/) > [Nothing knits man to man like the frequent passage from hand to hand of cash.](https://sms4smile.com/quotes/walter-sickert/nothing-knits-man-to-man-like-the-frequent-passage-from-hand-to-hand/) [Walter Sickert](https://sms4smile.com/quotes/author/walter-sickert/) > [A garden has a curious innocent way of consuming cash while all the time you are under the illusion that you are spending nothing.](https://sms4smile.com/quotes/esther-meynell/a-garden-has-a-curious-innocent-way-of-consuming-cash-while-all-the/) [Esther Meynell](https://sms4smile.com/quotes/author/esther-meynell/) > [“This one’s mental.’ ‘Eccentric.’ ‘What’s the difference?’ ‘A bag of cash.”](https://sms4smile.com/quotes/terry-pratchett/this-one-s-mental-eccentric-what-s-the-difference-a-bag-of-cash/) [Terry Pratchett](https://sms4smile.com/quotes/author/terry-pratchett/) ## More by Bruce Berkowitz > [When companies start measuring success by clicks that doesn't compute to us, the only thing that computes to us is cash.](https://sms4smile.com/quotes/bruce-berkowitz/when-companies-start-measuring-success-by-clicks-that-doesn-t-compute/) [Bruce Berkowitz](https://sms4smile.com/quotes/author/bruce-berkowitz/) > [The trick in life is not to die. The trick in investing is not to lose.](https://sms4smile.com/quotes/bruce-berkowitz/the-trick-in-life-is-not-to-die-the-trick-in-investing-is-not-to-lose/) [Bruce Berkowitz](https://sms4smile.com/quotes/author/bruce-berkowitz/) > [I’m not interested in meeting management today… I’m more interested in finding out how a person has behaved in the past.](https://sms4smile.com/quotes/bruce-berkowitz/i-m-not-interested-in-meeting-management-today-i-m-more-interested-in/) [Bruce Berkowitz](https://sms4smile.com/quotes/author/bruce-berkowitz/) > [We're non-diversified. We focus. Why not buy more of your best idea rather than your 60th best idea? How many companies can I really…](https://sms4smile.com/quotes/bruce-berkowitz/we-re-non-diversified-we-focus-why-not-buy-more-of-your-best-idea/) [Bruce Berkowitz](https://sms4smile.com/quotes/author/bruce-berkowitz/) [Explore all 5 Bruce Berkowitz quotes ](https://sms4smile.com/quotes/author/bruce-berkowitz/) ## More Cash quotes > [“This one’s mental.’ ‘Eccentric.’ ‘What’s the difference?’ ‘A bag of cash.”](https://sms4smile.com/quotes/terry-pratchett/this-one-s-mental-eccentric-what-s-the-difference-a-bag-of-cash/) [Terry Pratchett](https://sms4smile.com/quotes/author/terry-pratchett/) > [A garden has a curious innocent way of consuming cash while all the time you are under the illusion that you are spending nothing.](https://sms4smile.com/quotes/esther-meynell/a-garden-has-a-curious-innocent-way-of-consuming-cash-while-all-the/) [Esther Meynell](https://sms4smile.com/quotes/author/esther-meynell/) > [Nothing knits man to man like the frequent passage from hand to hand of cash.](https://sms4smile.com/quotes/walter-sickert/nothing-knits-man-to-man-like-the-frequent-passage-from-hand-to-hand/) [Walter Sickert](https://sms4smile.com/quotes/author/walter-sickert/) > [“It’s me,” he says softly. “Stop listening to everything else. Remember the way you feel when I’m kissing you and touching you. Don’t think with your…](https://sms4smile.com/quotes/m-leighton/it-s-me-he-says-softly-stop-listening-to-everything-else-remember-the/) [M. Leighton](https://sms4smile.com/quotes/author/m-leighton/) > [After I graduated, I carried on with my academic work, via grants but I often had a market stall on Camden Market selling hand-painted…](https://sms4smile.com/quotes/bettany-hughes/after-i-graduated-i-carried-on-with-my-academic-work-via-grants-but-i/) [Bettany Hughes](https://sms4smile.com/quotes/author/bettany-hughes/) > [You might be a redneck if you have a picture of Johnny Cash, Willie Nelson, or Elvis over your fireplace.](https://sms4smile.com/quotes/jeff-foxworthy/you-might-be-a-redneck-if-you-have-a-picture-of-johnny-cash-willie/) [Jeff Foxworthy](https://sms4smile.com/quotes/author/jeff-foxworthy/) > [American forces in Iraq found $650 million in American cash sealed in a hidden cottage. See, this is why President Bush wants to invade…](https://sms4smile.com/quotes/jay-leno/american-forces-in-iraq-found-650-million-in-american-cash-sealed-in/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [I feel a lot better when I've got a bit of cash on me.](https://sms4smile.com/quotes/pete-doherty/i-feel-a-lot-better-when-i-ve-got-a-bit-of-cash-on-me/) [Pete Doherty](https://sms4smile.com/quotes/author/pete-doherty/) > [If our financial industry regarded security the way the health-care sector does, I would stuff my cash in a mattress under my bed.](https://sms4smile.com/quotes/avi-rubin/if-our-financial-industry-regarded-security-the-way-the-health-care/) [Avi Rubin](https://sms4smile.com/quotes/author/avi-rubin/) > [Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that…](https://sms4smile.com/quotes/malcolm-forbes/why-just-a-couple-of-economic-seasons-ago-was-idle-cash-considered-an/) [Malcolm Forbes](https://sms4smile.com/quotes/author/malcolm-forbes/) > [The only issue cash presents you is the independence of not stressing about funds.](https://sms4smile.com/quotes/johnny-carson/the-only-issue-cash-presents-you-is-the-independence-of-not-stressing/) [Johnny Carson](https://sms4smile.com/quotes/author/johnny-carson/) > [It's funny about men and women. Men pay in cash to get them and pay in cash to get rid of them. Women pay…](https://sms4smile.com/quotes/hedy-lamarr/it-s-funny-about-men-and-women-men-pay-in-cash-to-get-them-and-pay-in/) [Hedy Lamarr](https://sms4smile.com/quotes/author/hedy-lamarr/) > [ I mean, you take a look at this, it's one way. \[Mexicans\] get the jobs, they get the factories, they get the cash, and… ](https://sms4smile.com/quotes/donald-trump/i-mean-you-take-a-look-at-this-it-s-one-way-mexicans-get-the-jobs/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [It was really starting to get pathetic, everyday they would come in looking for one thing or another. 'Zach, can you give me some…](https://sms4smile.com/quotes/zach-braff/it-was-really-starting-to-get-pathetic-everyday-they-would-come-in/) [Zach Braff](https://sms4smile.com/quotes/author/zach-braff/) > [One of my officers said to me that Trinidad and Tobago is seen like an ATM card... you come in with the card and…](https://sms4smile.com/quotes/kamla-persad-bissessar/one-of-my-officers-said-to-me-that-trinidad-and-tobago-is-seen-like/) [Kamla Persad-Bissessar](https://sms4smile.com/quotes/author/kamla-persad-bissessar/) Browse all 1,141 Cash quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "There are two hedges I know of; one is cash and the other is knowledge.", "creator": { "@type": "Person", "name": "Bruce Berkowitz" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/bruce-berkowitz/there-are-two-hedges-i-know-of-one-is-cash-and-the-other-is-knowledge/", "about": { "@type": "Thing", "name": "Cash" }, "@id": "https://sms4smile.com/quotes/bruce-berkowitz/there-are-two-hedges-i-know-of-one-is-cash-and-the-other-is-knowledge/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/6b9/bruce-berkowitz-58436_cash_there-are-two-hedges-i-know-of-one-is-ca_2381785.png", "contentUrl": "https://sms4smile.com/quotes/i/6b9/bruce-berkowitz-58436_cash_there-are-two-hedges-i-know-of-one-is-ca_2381785.png", "url": "https://sms4smile.com/quotes/i/6b9/bruce-berkowitz-58436_cash_there-are-two-hedges-i-know-of-one-is-ca_2381785.png", "width": 1080, "height": 1080, "caption": "“There are two hedges I know of; one is cash and the other is knowledge.” — Bruce Berkowitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Bruce Berkowitz", "item": "https://sms4smile.com/quotes/author/bruce-berkowitz/" }, { "@type": "ListItem", "position": 4, "name": "There are two hedges I know...", "item": "https://sms4smile.com/quotes/bruce-berkowitz/there-are-two-hedges-i-know-of-one-is-cash-and-the-other-is-knowledge/" } ], "@id": "https://sms4smile.com/quotes/bruce-berkowitz/there-are-two-hedges-i-know-of-one-is-cash-and-the-other-is-knowledge/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```