Notables and Quotables

On Risk

“Life is either a daring adventure or nothing at all.”
– Helen Keller

“Risk comes from not knowing what you’re doing.”
– Warren Buffet

“People who don’t take risks usually make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.”
– Peter Drucker, Business Management Guru

“If you want a guarantee, buy a toaster.”
– Clint Eastwood

“If you’re offered a seat on a rocket ship, don’t ask what seat – just get on.”
– Sheryl Sandberg, COO of Facebook

“While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology.”
– Seth Klarman, Founder of Baupost Group

“In investing, what is comfortable is rarely profitable.”
– Robert Arnott, American Entrepreneur