A Quote by Julius Erving
You know, we always tried to rationalize by saying you take the good, you take the upside, you got to deal with the downside, you've to take the downside.
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Manage the downside; the upside will take care of itself
To put money into anything, anywhere, provided that the downside is measurable and acceptable and the chances of a good profit appear to be better than 50%. I will not take gambles, but it is part of my job description to be ready to take very carefully calculated risks.
The one trait in a lot of dyslexic people I know is that by the time we got out of college, our ability to deal with failure was very highly developed. And so we look at most situations and see much more of the upside than the downside.
So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.
Take calculated risks and limit your downside.
Embrace opportunities with limited downside, unlimited upside. The best deals are those where your risk of loss is predictable and fixed if things go wrong, while your potential gains are enormous if things go right. Take such deals whenever you can get them if the odds of success are halfway decent.
People are going to write things about you, but you have to take the good with the bad, so you shouldn't take it very seriously. If you take it to heart, it'll get very difficult to deal with. So, just take it with a pinch of salt.
I am the best bodyguard, because I'll take a bullet, I'll take a stab wound, I'll take a hit upside the head; I'm like a kamikaze pilot.
Shareholders share in the downside and not necessarily in the upside; that's the whole story.
As I have found out, recognition has its upside, its downside and – you may say – its backside.
As I have found out, recognition has its upside, its downside and - you may say - its backside.
Interestingly, we have beaten the market quite handsomely over this time frame, although beating the market has never been our objective. Rather, we have consistently tried not to lose money and, in doing so, have not only protected on the downside but also outperformed on the upside.
But the upside of painful knowledge is so much greater than the downside of blissful ignorance.
The big upside to being captain is it's a huge honour, but the downside is that there is definitely extra pressure.
The downside isn't really injury, fear of injury or the process of fighting back from injury. The downside, the very worst thing in the world, is surgery.
As an adventurer...I try to protect against the downside. I make sure I have covered as many eventualities as I can. In the end, you have to take calculated risks; otherwise you're going to sit in mothballs all day and do nothing.
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