--- title: "Meaning & Key Takeaway of: Billionaire investors know they're going…" description: "\"Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.\" — Tony Robbins" image: "https://sms4smile.com/quotes/i/a69/tony-robbins-232_billionaire_billionaire-investors-know-they-re-going_2966555.jpg" --- # Billionaire investors know they're going to be wrong, so… ![“Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.” quote by Tony Robbins](https://sms4smile.com/quotes/i/a69/tony-robbins-232_billionaire_billionaire-investors-know-they-re-going_2966555.jpg) [Download](https://sms4smile.com/quotes/i/a69/tony-robbins-232_billionaire_billionaire-investors-know-they-re-going_2966555.jpg) [Open image](https://sms4smile.com/quotes/i/a69/tony-robbins-232_billionaire_billionaire-investors-know-they-re-going_2966555.jpg) > “Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.” [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Successful investors accept that they will make mistakes and therefore create strategies to protect themselves from those errors. **In simple terms:** Investors plan for inevitable mistakes. Key Takeaway Build safeguards against inevitable errors. Themes investment risk management psychology strategy Mood motivational practical Type business self‑help When to use this quote - financial planning - investment seminars - risk assessment - wealth management Key Concepts portfolio diversification loss mitigation decision making Questions to Reflect On - What balance between risk and protection is optimal? - How do you stay adaptable after a loss? A Different Perspective Over‑protective strategies may limit upside potential. ★ ★ ★ ★ ★ No ratings yet [Billionaire](https://sms4smile.com/quotes/about/billionaire/) [Billionaire Investors](https://sms4smile.com/quotes/about/billionaire-investors-4545314/) [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Investors Know](https://sms4smile.com/quotes/about/investors-know-1296292/) [Knows](https://sms4smile.com/quotes/about/knows/) [Plans](https://sms4smile.com/quotes/about/plans/) [Protect](https://sms4smile.com/quotes/about/protect/) [Protect Wrong](https://sms4smile.com/quotes/about/protect-wrong-4545315/) [Wrong Plan](https://sms4smile.com/quotes/about/wrong-plan-2536852/) ## Related quotes > [The average American thinks billionaire investors are going to be right based on some talking head. They invest and they have no backup plan.…](https://sms4smile.com/quotes/tony-robbins/the-average-american-thinks-billionaire-investors-are-going-to-be/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [I mean, these good folks are revolutionizing how businesses conduct their business. And, like them, I am very optimistic about our position in the…](https://sms4smile.com/quotes/george-w-bush/i-mean-these-good-folks-are-revolutionizing-how-businesses-conduct/) [George W. Bush](https://sms4smile.com/quotes/author/george-w-bush/) > [If somebody does something wrong to someone around me, I can be firm. But that's always to protect someone to whom wrong is being…](https://sms4smile.com/quotes/rick-hoffman/if-somebody-does-something-wrong-to-someone-around-me-i-can-be-firm/) [Rick Hoffman](https://sms4smile.com/quotes/author/rick-hoffman/) > [God, guide and protect us. When we're wrong, please correct us.](https://sms4smile.com/quotes/bob-marley/god-guide-and-protect-us-when-we-re-wrong-please-correct-us/) [Bob Marley](https://sms4smile.com/quotes/author/bob-marley/) > [If you are not financially independent by the time you are forty or fifty, it doesn't mean that you are living in the wrong…](https://sms4smile.com/quotes/jim-rohn/if-you-are-not-financially-independent-by-the-time-you-are-forty-or/) [Jim Rohn](https://sms4smile.com/quotes/author/jim-rohn/) > [It would be wrong to plan too much ahead of a match. You've got to go with the flow, go with your instincts.](https://sms4smile.com/quotes/michael-clarke/it-would-be-wrong-to-plan-too-much-ahead-of-a-match-you-ve-got-to-go/) [Michael Clarke](https://sms4smile.com/quotes/author/michael-clarke/) > [There's nothing wrong with a plan, but remember Von Moltke's famous dictum that no plan survives first contact with the enemy. The danger is…](https://sms4smile.com/quotes/tim-harford/there-s-nothing-wrong-with-a-plan-but-remember-von-moltke-s-famous/) [Tim Harford](https://sms4smile.com/quotes/author/tim-harford/) > [When I read in Fortune magazine that Warren Buffet, the billionaire investor and one of the world's richest men, was investing in a direct…](https://sms4smile.com/quotes/david-bach/when-i-read-in-fortune-magazine-that-warren-buffet-the-billionaire/) [David Bach](https://sms4smile.com/quotes/author/david-bach/) > [I want people to be inspired to do what's in front of them. If you won't give a dime out of a dollar, don't…](https://sms4smile.com/quotes/tony-robbins/i-want-people-to-be-inspired-to-do-what-s-in-front-of-them-if-you-won/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [ Be yourself. That's it. I got about 45 \[billionaires\] . They are all different, all unique, and they are all self-made. ](https://sms4smile.com/quotes/tony-robbins/be-yourself-that-s-it-i-got-about-45-billionaires-they-are-all/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [You can be a They and be a billionaire. Not all billionaires are happy and fulfilled. My whole thing is, add value to whoever…](https://sms4smile.com/quotes/tony-robbins/you-can-be-a-they-and-be-a-billionaire-not-all-billionaires-are-happy/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [If I could set a world record, it would be that I have 150 business partners, all with thriving businesses of their own that…](https://sms4smile.com/quotes/barbara-corcoran/if-i-could-set-a-world-record-it-would-be-that-i-have-150-business/) [Barbara Corcoran](https://sms4smile.com/quotes/author/barbara-corcoran/) > [“In general, poor is polite and rich is rude.”](https://sms4smile.com/quotes/amit-kalantri/in-general-poor-is-polite-and-rich-is-rude/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [“The candidate who billed himself as a billionaire—ten times over—refused even to invest his own money in it.”](https://sms4smile.com/quotes/michael-wolff/the-candidate-who-billed-himself-as-a-billionaire-ten-times-over/) [Michael Wolff](https://sms4smile.com/quotes/author/michael-wolff/) > [The rich people are apparently leaving America. They're giving up their citizenship. These great lovers of America who made their money in this country-when…](https://sms4smile.com/quotes/bernie-sanders/the-rich-people-are-apparently-leaving-america-they-re-giving-up/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) ## More by Tony Robbins > [The only people without problems are in cemeteries. If you don't have problems, get on your knees and pray.](https://sms4smile.com/quotes/tony-robbins/the-only-people-without-problems-are-in-cemeteries-if-you-don-t-have/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [When you feel you have good although incomplete expertise, start trying things. If it's not working, try something else; maintain an experimental mindset.](https://sms4smile.com/quotes/tony-robbins/when-you-feel-you-have-good-although-incomplete-expertise-start/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [Without a vision there is no possibility of creating something larger than what al-ready exists. An entrepreneur has to be able to bring something…](https://sms4smile.com/quotes/tony-robbins/without-a-vision-there-is-no-possibility-of-creating-something-larger/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [Our beliefs are like the unquestioned commands, telling us how things are, what's possible and what's impossible, what we can and can not do.](https://sms4smile.com/quotes/tony-robbins/our-beliefs-are-like-the-unquestioned-commands-telling-us-how-things/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [Decisions decide destiny, there is no action without decision](https://sms4smile.com/quotes/tony-robbins/decisions-decide-destiny-there-is-no-action-without-decision/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [With goals you can create the future in advance.](https://sms4smile.com/quotes/tony-robbins/with-goals-you-can-create-the-future-in-advance/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [One reason so few of us achieve what we truly want is that we never direct our focus.](https://sms4smile.com/quotes/tony-robbins/one-reason-so-few-of-us-achieve-what-we-truly-want-is-that-we-never/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [How do you turn the invisible into the visible? The first step is to define your dream precisely; the only limit to what you…](https://sms4smile.com/quotes/tony-robbins/how-do-you-turn-the-invisible-into-the-visible-the-first-step-is-to/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [Think of your mind, your emotions, and your spirit as the ultimate garden. The way to ensure a bountiful, nourishing harvest is to plant…](https://sms4smile.com/quotes/tony-robbins/think-of-your-mind-your-emotions-and-your-spirit-as-the-ultimate/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [The message of frustration is an exciting signal. it means that your brain beleives you could be doing better than you currently are.](https://sms4smile.com/quotes/tony-robbins/the-message-of-frustration-is-an-exciting-signal-it-means-that-your/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [I'm a strategist, not a motivator. I'm obsessed with finding strategies that create real results in the shortest period of time.](https://sms4smile.com/quotes/tony-robbins/i-m-a-strategist-not-a-motivator-i-m-obsessed-with-finding-strategies/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [“Leadership is producing a standard in someone that they will live by to produce higher level results consistently.”](https://sms4smile.com/quotes/tony-robbins/leadership-is-producing-a-standard-in-someone-that-they-will-live-by/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [Whenever people have trouble public speaking, it's because they are just thinking about themselves.](https://sms4smile.com/quotes/tony-robbins/whenever-people-have-trouble-public-speaking-it-s-because-they-are/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [Progress is the ultimate motivation.](https://sms4smile.com/quotes/tony-robbins/progress-is-the-ultimate-motivation/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [If you do what you've always done, you'll get what you've always gotten.](https://sms4smile.com/quotes/tony-robbins/if-you-do-what-you-ve-always-done-you-ll-get-what-you-ve-always-gotten/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) [Explore all 854 Tony Robbins quotes ](https://sms4smile.com/quotes/author/tony-robbins/) ## More Billionaire quotes > [The rich people are apparently leaving America. They're giving up their citizenship. These great lovers of America who made their money in this country-when…](https://sms4smile.com/quotes/bernie-sanders/the-rich-people-are-apparently-leaving-america-they-re-giving-up/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [“The candidate who billed himself as a billionaire—ten times over—refused even to invest his own money in it.”](https://sms4smile.com/quotes/michael-wolff/the-candidate-who-billed-himself-as-a-billionaire-ten-times-over/) [Michael Wolff](https://sms4smile.com/quotes/author/michael-wolff/) > [“In general, poor is polite and rich is rude.”](https://sms4smile.com/quotes/amit-kalantri/in-general-poor-is-polite-and-rich-is-rude/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [If I could set a world record, it would be that I have 150 business partners, all with thriving businesses of their own that…](https://sms4smile.com/quotes/barbara-corcoran/if-i-could-set-a-world-record-it-would-be-that-i-have-150-business/) [Barbara Corcoran](https://sms4smile.com/quotes/author/barbara-corcoran/) > [A government run by billionaires for billionaires is an affront to freedom and morality and humanity.](https://sms4smile.com/quotes/michael-moore/a-government-run-by-billionaires-for-billionaires-is-an-affront-to/) [Michael Moore](https://sms4smile.com/quotes/author/michael-moore/) > [The reaction of weak management to weak operations is often weak accounting.](https://sms4smile.com/quotes/warren-buffett/the-reaction-of-weak-management-to-weak-operations-is-often-weak/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“People don’t make too much money around here, but what comes with that is a different definition of what it means to be well-off.…](https://sms4smile.com/quotes/helen-oyeyemi/people-don-t-make-too-much-money-around-here-but-what-comes-with-that/) [Helen Oyeyemi](https://sms4smile.com/quotes/author/helen-oyeyemi/) > [The biggest risk is not taking any risk.](https://sms4smile.com/quotes/mark-zuckerberg/the-biggest-risk-is-not-taking-any-risk/) [Mark Zuckerberg](https://sms4smile.com/quotes/author/mark-zuckerberg/) > [Message to the billionaire class: You can't have it all!](https://sms4smile.com/quotes/bernie-sanders/message-to-the-billionaire-class-you-can-t-have-it-all/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [Every decision I make is, 'How is this helping me become a billionaire?'](https://sms4smile.com/quotes/draymond-green/every-decision-i-make-is-how-is-this-helping-me-become-a-billionaire/) [Draymond Green](https://sms4smile.com/quotes/author/draymond-green/) > [“A Debt Problem Is, At Its Core, a Budgeting Problem.”](https://sms4smile.com/quotes/natalie-pace/a-debt-problem-is-at-its-core-a-budgeting-problem/) [Natalie Pace](https://sms4smile.com/quotes/author/natalie-pace/) > ['I don't need brains,' says the billionaire contemptuously. 'I'm brainy enough myself!' The broker cries out in desperation, 'What, in heaven's name, do you…](https://sms4smile.com/quotes/konrad-lorenz/i-don-t-need-brains-says-the-billionaire-contemptuously-i-m-brainy/) [Konrad Lorenz](https://sms4smile.com/quotes/author/konrad-lorenz/) > [I know a lot of people in the city, at all levels, horizontally and vertically - and that to me is a privilege, to…](https://sms4smile.com/quotes/aleksandar-hemon/i-know-a-lot-of-people-in-the-city-at-all-levels-horizontally-and/) [Aleksandar Hemon](https://sms4smile.com/quotes/author/aleksandar-hemon/) > [As a result of the Citizens United Supreme Court decision, American democracy is being undermined by the ability of the Koch brothers and other…](https://sms4smile.com/quotes/bernie-sanders/as-a-result-of-the-citizens-united-supreme-court-decision-american/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [I believe in a society where all people do well. Not just a handful of billionaires.](https://sms4smile.com/quotes/anderson-cooper/i-believe-in-a-society-where-all-people-do-well-not-just-a-handful-of/) [Anderson Cooper](https://sms4smile.com/quotes/author/anderson-cooper/) [Browse all 356 Billionaire quotes ](https://sms4smile.com/quotes/about/billionaire/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.", "creator": { "@type": "Person", "name": "Tony Robbins" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/tony-robbins/billionaire-investors-know-they-re-going-to-be-wrong-so-they-have-a/", "about": { "@type": "Thing", "name": "Billionaire" }, "@id": "https://sms4smile.com/quotes/tony-robbins/billionaire-investors-know-they-re-going-to-be-wrong-so-they-have-a/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a69/tony-robbins-232_billionaire_billionaire-investors-know-they-re-going_2966555.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a69/tony-robbins-232_billionaire_billionaire-investors-know-they-re-going_2966555.jpg", "url": "https://sms4smile.com/quotes/i/a69/tony-robbins-232_billionaire_billionaire-investors-know-they-re-going_2966555.jpg", "width": 1080, "height": 1080, "caption": "“Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.” — Tony Robbins", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Tony Robbins", "item": "https://sms4smile.com/quotes/author/tony-robbins/" }, { "@type": "ListItem", "position": 4, "name": "Billionaire investors know they're going to...", "item": "https://sms4smile.com/quotes/tony-robbins/billionaire-investors-know-they-re-going-to-be-wrong-so-they-have-a/" } ], "@id": "https://sms4smile.com/quotes/tony-robbins/billionaire-investors-know-they-re-going-to-be-wrong-so-they-have-a/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```