"Targeting investment returns leads investors to focus on potential upside rather on downside risk ... rather than targeting a desired rate of return, even an eminently reasonable one, investors should target risk."

-- Seth Klarman

#Focus Quotes #Risk Quotes #Target Quotes

“I am really honoured but if the prize had gone to Mahatma Gandhi before me I would have been more honoured”
“Now the gardener is the one who has seen everything ruined so many times that (even as his pain increases with each loss) he comprehends - truly knows - that where there was a garden once, it can be again, or where there never was, there yet can be a garden.”

Source : Henry Mitchell (2003). “The Essential Earthman: Henry Mitchell on Gardening”, p.3, Indiana University Press
“I have cervical cancer. I'm what they call a DES baby... I have been cancer free for 7 years now... I had it the first time when I was 19 and then it came back a few years later after I went through treatment.”
“All possible truth is practical. To ask whether our conception of chair or table corresponds to the real chair or table apart from the uses to which they may be put, is as utterly meaningless and vain as to inquire whether a musical tone is red or yellow. No other conceivable relation than this between ideas and things can exist. The unknowable is what I cannot react upon. The active part of our nature is not only an essential part of cognition itself, but it always has a voice in determining what shall be believed and what rejected.”
“Rather fast then surfette, rather starue then striue to exceede.”
“Do your homework and stand your ground.”
“Miffed, I poked him in the chest. 'You think you know everything?' His hands caressed my back. 'Not everything, but some things. I knew without a doubt I'd fallen in love when we met. Then I knew I'd do anything to make you feel the same way.”
“With fear come the lies and the justifications that, no matter how convincing, lower our self-esteem.”

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