"Rather, risk is a perception in each investor's mind that results from analysis of the probability and amount of potential loss from an investment. If an exploratory oil well proves to be a dry hole, it is called risky. If a bond defaults or a stock plunges in price, they are called risky. But if the well is a gusher, the bond matures on schedule, and the stock rallies strongly, can we say they weren't risky when the investment after it is concluded than was known when it was made."

--

Seth Klarman

#Loss Quotes #Risk Quotes #Mind Quotes

“Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict.”

Source : William Ellery Channing (1839). “Self-culture: An address introductory to the Franklin lectures, delivered at Boston, September, 1838”, p.42
“There's not a single business model, and there's not a single type of electronic content. There are really a lot of opportunities and a lot of options and we just have to discover all of them.”
“There is a soul of truth in error; there is a soul of good in evil.”
“There are enough forces in the world that are afraid of our strength, "our hugeness," as one of our sovereigns said. So, they seek to divide us into parts, this is a well-known fact. Look at what they did with Yugoslavia: they cut it into small pieces and are now manipulating everything that can be manipulated there, which is almost anything. Apparently, someone would like to do the same with us.”
“Unreason is an essential medicine as long as you do not overdose.”
“A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty.”

Source : "What is a startup?". www.startuplessonslearned.com. June 21, 2010.
“Whatever may be open to disagreement, there is one act of evil that may not, the act that no man may commit against others and no man may sanction or forgive. So long as men desire to live together, no man mayÂ initiateâ€”do you hear me? no man mayÂ startâ€”the use of physical force against others.”
“In a society that prates about, but seldom practices, communication, the craving to be listened to, heard, understood - which originates with the first terrified wail, the circling arms, the breast, the consolatory murmur - is hard to assuage.”

Source : Nancy Mairs (2001). “Waist-High In The World: A Life Among the Nondisabled”, p.7, Beacon Press

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