Acceptable Quote by Peter Cundill
“To put money into anything, anywhere, provided that the downside is measurable and acceptable and the chances of a good profit appear to be better than 50%. I will not take gambles, but it is part of my job description to be ready to take very carefully calculated risks.”
About This Quote
Source Interview: Investment Strategies, 1990s (hypothetical)
Invest only when upside outweighs downside and probability of profit exceeds 50%; avoid reckless gambling, but embrace calculated risk.
In simple terms: Take calculated risks with favorable odds.
Key Takeaway
Assess risk/reward before acting.
Themes
investment
risk management
decision making
Mood
analytical
cautious
Type
financial
philosophical
When to use this quote
- stock selection
- venture capital
- portfolio diversification
- risk analysis
Key Concepts
expected value
probability
risk assessment
Questions to Reflect On
- What risks have you quantified?
- How do you define “acceptable” downside?
A Different Perspective
Risk assessment can be subjective and data may be limited.
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