Being wrong Quote by William Browne

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

Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all…

— Li Lu

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

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

— George Soros

Investing is about intellectual honesty. You want to know what you know. You want to know, mostly, what you don't know.

— Li Lu

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

Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that…

— Seth Klarman

Investing is a business where you can look very silly for a long period of time before you are proven right.

— Bill Ackman

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And…

— Barry Ritholtz

The game of investing is one of making better predictions about the future than other people. How are you going to do that? One…

— Charlie Munger

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

In the book of things people more often do wrong than right, investing must certainly top the list, followed closely by wallpapering and eating…

— Robert Klein