"Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much."

--

Source : Mohnish Pabrai (2011). “The Dhandho Investor: The Low-Risk Value Method to High Returns”, p.108, John Wiley & Sons

Mohnish Pabrai

#Wall Quotes #Confused Quotes #Winning Quotes

“Artists of the world arise - it's time to dump your dealers.”
“The key words of violent economics are urbanization, industrialization, centralization, efficiency, quantity, speed. . . . The problem of evolving a nonviolent way of economic life [in the West] and that of developing the underdeveloped countries may well turn out to be largely identical.”
“Anyone who is desperate or alone will agree there is comfort in routine.”
“So, my tactic with conservation of apex predators is to get people excited and take them to where they live.”
“If I have something to say, I want it to be meaningful.”

Source : "A Q&A with Tom Brady". Interview with Jimmy Tarina, www.si.com. June 21, 2012.
“A teacher who cannot explain any abstract subject to a child does not himself thoroughly understand his subject; if he does not attempt to break down his knowledge to fit the child's mind, he does not understand teaching.”
“Romance no longer looked like so much fun, more like a repetitive stress injuryâ€¦”

Source : Carol Anshaw (2012). “Carry the One: A Novel”, p.166, Simon and Schuster
“My bounce-around life had taught me that dreams were dangerous things - they look solid in your mind, but you just try to reach for them. It's like gathering clouds.”

Source : Kirby Larson (2007). “Hattie Big Sky”, p.3, Yearling

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