Average Quote by Harry Markowitz
“It's like a crapshoot in Las Vegas, except in Las Vegas the odds are with the house. As for the market, the odds are with you, because on average over the long run, the market has paid off.”
About This Quote
Source Book: Portfolio Selection, Harry Markowitz, 1952
Investing long‑term yields positive returns despite short‑term odds favoring the house.
In simple terms: Long‑term market beats short‑term odds.
Key Takeaway
Focus on long‑term investing.
Themes
finance
risk
patience
Mood
cautious
analytical
Type
educational
informative
When to use this quote
- retirement planning
- college savings
- stock investing
- risk management
- financial advising
Key Concepts
modern portfolio theory
expected value
Questions to Reflect On
- Are you comfortable staying invested during downturns?
- How does diversification affect your odds?
A Different Perspective
Short‑term volatility can cause panic selling.
