Risk management Quotes

"It is more important to ensure survival under negative outcomes than it is to guarantee maximum returns under favorable ones" "You can't make decisions based on fear and the possibility of what might happen." "If we are wise, let us prepare for the worst." "Successful investing requires a careful balancing of objective analysis and subjective conviction based on market psychology" "The best way to get a winning position is to trade around a core position." "Bulls make money, bears make money, pigs get slaughtered." "All failed companies are the same: they failed to escape competition" "Diversification is the only free lunch." "Where large sums of money are concerned, it is advisable to trust nobody." "Shorting is not a great business, its a great hobby." "It's far better to foresee even without certainty than not to foresee at all." "If you have to speculate to make money, then you ought to just let someone else do it for you who is more competent." "Never turn a trade into an investment." "Take calculated risks. That is quite different from being rash " "It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong"