Casinos Quote by Michael Mauboussin

One of the most important analytic tools when assessing an investment is an intellectually advantaged disparate view. This includes knowing more and perceiving the…

— Michael Steinhardt

“There is always opportunity cost in choosing one path over others. The betting elements of decisions—choice, probability, risk, etc.—are more obvious in some situations…

— Annie Duke

The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price.…

— Charlie Munger

Investing is a probabilistic business. Every once in a while, it's sort of like you're throwing six-sided dice, and anything except a one or…

— Whitney Tilson

To us, investing is the equivalent of going out and betting against the pari-mutuel system. We look for a horse with one chance in…

— Charlie Munger

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.

— George Soros

Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.

— Michael Steinhardt

It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment, refinement, patience,…

— Seth Klarman

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis…

— George Soros

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences…

— Benjamin Graham

You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's…

— Charlie Munger

The entire pursuit of value investing requires you to see where the crowd is wrong so that you can profit from their misperceptions.

— Guy Spier