A Quote by John Maynard Keynes
It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
Related Quotes
As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one's risk by spreading too much between enterprises about which one knows little and has no reason for special confidence. . . . One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.
I think the sensible thing would be to focus on one thing and be the best you can be at it. There is always that risk of spreading yourself too thin if you try to do too much.
To learn you need a certain degree of confidence, not too much and not too little. If you have too little confidence, you will think you can't learn. If you have too much, you will think you don't have to learn.
Always there should be a little mistake here and there - I am for it. The people who don't do mistakes are cold like ice. It takes risk to make a mistake. If you don't take risk, you are boring.
Liberty is indeed little less than a name, where the Government is too feeble to withstand the enterprises of faction, to confine each member of society within the limits prescribed by the law, and to maintain all in the secure and tranquil enjoyme
There is a striking parallel between the spreading of germs and the spreading of ideas or propaganda. On the one hand we are dealing with a virus which can be transported and transmitted under certain conditions which favor or limit its transportation or transmission: on the other hand with ideas, religions, and doctrines, which can be described as germs, benevolent or malevolent, according to the point of view one takes up. These germs can either remain at their source and be sterile, or emerge in the spreading of infection.
Every father knows at once too much and too little about his own son.
The biggest mistake, in general, I've made, is to put too much of a weighting on someone's talent and not enough on their personality. And I've made that mistake several times. I think it actually matters whether somebody has a good heart, it really does. I've made the mistake of thinking that it's sometimes just about the brain.
The man who is a pessimist before 48 knows too much; if he is an optimist after it, he knows too little.
For me, I try not to think about it too much, because you find that if you think about it too much, then you start to panic at every little thing that goes on in training.
It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.
The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a whole batch of securities. And the reason why they got us into so much trouble is that it's hard to figure out how much risk you really are taking.
A mistake I've made is I have not worried sufficiently about the art world, really. I have not concerned myself with the other people in the art world. I've been a little too singular, and that's a mistake I've made. But everybody makes a mistake of some kind, and if that's my only mistake, I'm happy.
The financial hardships caused by COVID-19 puts some renters and homeowners at risk of becoming homeless, which could mean greater risk of contracting and spreading the coronavirus for families.
If all other risk factors are normal, and you exercise moderately, your risk of having high CRP is one in 2000, .. A person who is a little overweight, with blood fats and cholesterol a little elevated, maybe with a little bit of high blood pressure -- we didn't used to think that having several of these little risk factors were a big deal. But it is. These little risk factors add up in a way that is worse for you than one big risk factor.
All confidence which is not absolute and entire, is dangerous. There are few occasions but where a man ought either to say all, or conceal all; for, how little so ever you have revealed of your secret to a friend, you have already said too much if you think it not safe to make him privy to all particulars.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist