#Risk Management Quotes

“Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.”

“It's much easier to stay out of trouble now than to get out of trouble later.”

“I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that.”

“Never test the depth of river with both the feet.”

“The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.”

“Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.”

“Risk can be greatly reduced by concentrating on only a few holdings.”

“I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.”

“It is madness to risk losing what you need in pursuing what you simply desire.”

“I am out of step with present conditions. When the game is no longer played your way, it is only human to say the new approach is all wrong, bound to lead to trouble, and so on. On one point, however, I am clear. I will not abandon a previous approach whose logic I understand ( although I find it difficult to apply ) even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully, and which possibly could lead to substantial permanent loss of capital.”

“The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need.”

“An investor needs to do very few things right as long as he or she avoids big mistakes.”

“When forced to choose, I will not trade even a night's sleep for the chance of extra profits.”

“Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you're still around to play the next day.”

“I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.”

“The three most important words in investing...Margin of Safety.”

“Never risk what you have and need for what we don't have and don't need.”

“When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.”

“We're cautious. We'd rather exceed expectations than miss but I think it's going to be a continued difficult economy. Apple is trying a different way to navigate out of this, we're trying to innovate.”

“Most innovators are successful to the extent to which they define risks and confine them.”

“(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the avoidance of loss”

“It's OK to have your eggs in one basket as long as you control what happens to that basket.”

“In this business, by the time you realize you're in trouble, it's too late to save yourself. Unless you're running scared all the time, you're gone.”