Always Quote by Michael Burry
“I will always choose the dollar bill carrying a wildly fluctuating discount rather than the dollar bill selling for a quite stable premium.”
About This Quote
The quote favors volatile, discounted assets over stable, premium ones, emphasizing potential higher returns despite risk.
In simple terms: Prefer fluctuating discounts to stable premiums for higher gains.
Key Takeaway
Consider risk‑return trade‑offs when investing.
Themes
investment
risk
valuation
Mood
cautious
analytical
optimistic
Type
financial
strategic
When to use this quote
- stock selection
- portfolio construction
- financial advising
- risk assessment
Key Concepts
discounted cash flow
market volatility
asset pricing
Questions to Reflect On
- Are you comfortable with higher risk for potential reward?
- What factors justify choosing a discount over a premium?
A Different Perspective
Higher volatility can lead to larger losses.
