All time Quote by David Letterman
“Stocks are at an all-time high today. I don't have any money in the stock market. I don't have the stomach for the ups and downs. So about 20 years ago I put all of my money and liquid assets into videotape rewind machines.”
About This Quote
Source Interview: Late Show with David Letterman, 2005
The speaker notes a market peak while personally avoiding stock volatility, recalling a past risky investment in obsolete technology.
In simple terms: He avoids stocks due to fear, recalling a bad past investment.
Key Takeaway
Consider risk tolerance before investing.
Themes
risk
investment
volatility
regret
Mood
cautious
reflective
Type
advice
personal anecdote
When to use this quote
- personal finance planning
- portfolio diversification
- learning from past mistakes
Key Concepts
behavioral finance
loss aversion
historical hindsight
Questions to Reflect On
- How does past loss influence current risk choices?
- What strategies can reduce emotional reactions to market swings?
A Different Perspective
Past decisions may bias current risk perception.
![“I don't know whether we think in moving images or whether we think in still images. I have a suspicion that on our hard drive, our series within our brains, [exist] still photographs of very important moments in our lives. ... That we think in terms of still images and that what the photography is…” quote by Jon Snow](https://sms4smile.com/quotes/img-quotes/598/jon-snow-40883_all-time_i-don-t-know-whether-we-think-in-moving_15093.jpg)
