Business Quote by Whitney Tilson
“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 a two, you're doing well. Statistically speaking, you throw the dice enough times, you're going to throw a one or a two five times in a row, and you're going to look pretty foolish, right?”
About This Quote
Source Interview: Bloomberg TV, 2015
Investing is a game of probability; short‑term luck varies, but long‑term odds even out.
In simple terms: Investing relies on probability over time.
Key Takeaway
Focus on long‑term odds.
Themes
risk management
probability
patience
Mood
analytical
steady
Type
financial
educational
When to use this quote
- stock portfolio
- venture capital
- retirement planning
Key Concepts
statistics
behavioral finance
Questions to Reflect On
- How do you stay disciplined during a losing streak?
- What probability models guide your decisions?
A Different Perspective
Short‑term volatility can cause panic.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)