--- title: "Meaning & Key Takeaway of: When you take smaller gambles, no one…" description: "\"When you take smaller gambles, no one particular deal can be big enough to have a material adverse effect on the company.\" — David Lichtenstein" image: "https://sms4smile.com/quotes/i/7da/david-lichtenstein-32089_big_when-you-take-smaller-gambles-no-one-par_1671709.jpg" --- # When you take smaller gambles, no one particular deal can… ![“When you take smaller gambles, no one particular deal can be big enough to have a material adverse effect on the company.” quote by David Lichtenstein](https://sms4smile.com/quotes/i/7da/david-lichtenstein-32089_big_when-you-take-smaller-gambles-no-one-par_1671709.jpg) [Download](https://sms4smile.com/quotes/i/7da/david-lichtenstein-32089_big_when-you-take-smaller-gambles-no-one-par_1671709.jpg) [Open image](https://sms4smile.com/quotes/i/7da/david-lichtenstein-32089_big_when-you-take-smaller-gambles-no-one-par_1671709.jpg) > “When you take smaller gambles, no one particular deal can be big enough to have a material adverse effect on the company.” [David Lichtenstein](https://sms4smile.com/quotes/author/david-lichtenstein/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Small, diversified bets protect a company from any single large loss, emphasizing risk spreading over concentration. **In simple terms:** Diversify to avoid big risks. Key Takeaway Spread risk across many deals. Themes risk management finance strategy Mood pragmatic cautious Type advice business When to use this quote - investment - corporate governance - startup advising - financial planning Key Concepts economics portfolio theory Questions to Reflect On - How many small bets are optimal? - When should you concentrate? A Different Perspective Diversification can dilute focus and returns. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Company](https://sms4smile.com/quotes/about/company/) [Gambles](https://sms4smile.com/quotes/about/gambles/) [Risk](https://sms4smile.com/quotes/about/risk/) ## Related quotes > [“Material adverse effect" is a standard that is often employed in the softening of contract provisions. It is often used in more than one…](https://sms4smile.com/quotes/charles-m-fox/material-adverse-effect-is-a-standard-that-is-often-employed-in-the/) [Charles M. Fox](https://sms4smile.com/quotes/author/charles-m-fox/) > [Gambles are the most fun because it's part of being an actor or being a creative person. It's risky only in the vulnerable sense.…](https://sms4smile.com/quotes/emma-stone/gambles-are-the-most-fun-because-it-s-part-of-being-an-actor-or-being/) [Emma Stone](https://sms4smile.com/quotes/author/emma-stone/) > [I've taken considerable gambles on shows, but they're very considered gambles.](https://sms4smile.com/quotes/cameron-mackintosh/i-ve-taken-considerable-gambles-on-shows-but-they-re-very-considered/) [Cameron Mackintosh](https://sms4smile.com/quotes/author/cameron-mackintosh/) > [“Sometimes, gambles pay off in unforeseen ways.”](https://sms4smile.com/quotes/staci-hart/sometimes-gambles-pay-off-in-unforeseen-ways/) [Staci Hart](https://sms4smile.com/quotes/author/staci-hart/) > [A speculator gambles that a stock will go up in price because somebody else will pay even more for it.](https://sms4smile.com/quotes/benjamin-graham/a-speculator-gambles-that-a-stock-will-go-up-in-price-because/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [We may gamble on outsmarting the law; we may even gamble on the leniency of man and the mercy of God-but no man ever…](https://sms4smile.com/quotes/sidney-greenberg/we-may-gamble-on-outsmarting-the-law-we-may-even-gamble-on-the/) [Sidney Greenberg](https://sms4smile.com/quotes/author/sidney-greenberg/) > [You have to take gambles in life.](https://sms4smile.com/quotes/tom-payne/you-have-to-take-gambles-in-life/) [Tom Payne](https://sms4smile.com/quotes/author/tom-payne/) > [“You can't be creative without criticism. 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But that's also a big part of why…](https://sms4smile.com/quotes/banks/my-parents-are-divorced-and-seeing-that-was-really-painful-for-me/) [Banks](https://sms4smile.com/quotes/author/banks/) > [I always want to do a big finale.](https://sms4smile.com/quotes/jennifer-yuh-nelson/i-always-want-to-do-a-big-finale/) [Jennifer Yuh Nelson](https://sms4smile.com/quotes/author/jennifer-yuh-nelson/) > [I turn a lot of stuff down - big, big movies, the kind I wouldn't want to go to the cinema to see.](https://sms4smile.com/quotes/matthew-fox/i-turn-a-lot-of-stuff-down-big-big-movies-the-kind-i-wouldn-t-want-to/) [Matthew Fox](https://sms4smile.com/quotes/author/matthew-fox/) > [So I concentrated on the rhythmic side of things, and therefore left a lot of holes. 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