A Quote by Richard Arnold Epstein

There are no conventional games involving conditions of uncertainty without risk.

Richard Arnold Epstein

Quote Topics

Conditions Conventional Games Involving Risk Uncertainty Without

Quote Author

Richard Arnold Epstein
Born: March 5, 1927

Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk. Indeed, when great uncertainty - such as in the fall of 2008 - drives securities prices to especially low levels, they often become less risky investments.

Seth Klarman

Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much.

Mohnish Pabrai

True strategy is about placing bets and making hard choices under conditions of uncertainty, not about assuming plans can remove risk.

Will Evans

Wall Street, in the main, hates uncertainty, which manifests itself in depressed share prices of companies whose prospects lack 'visibility.' But where the market can err is in confusing uncertainty with risk.

Whitney Tilson

Confusion conditions activity, which conditions consciousness, which conditions embodied personality, which conditions sensory experiences, which conditions impact, which conditions mood, which conditions craving, which conditions clinging, which conditions becoming, which conditions birth, which conditions aging and death.

Gautama Buddha

There are going to be games where you don't have the greatest conditions, so to show that you can do it in bad conditions is a plus.

Stefon Diggs

I’m interested in things which suggest the world rather than express the personality... The most conventional thing, the most ordinary - it seems to me that those things can be dealt with without having to judge them; they seem to me to exist as clear facts, not involving aesthetic hierarchy.

Jasper Johns

Some people feel affronted when something they thought to be true doesn't happen. If that's the case, then your sense of risk is much higher, and that leads to risk aversion. You need to be able to be comfortable in uncertainty.

Jim Mattis

Muscles without strength, friendship without trust, opinion without risk, change without aesthetics, age without values, food without nourishment, power without fairness, facts without rigor, degrees without erudition, militarism without fortitude, progress without civilization, complication without depth, fluency without content; these are the sins to remember.

Nassim Nicholas Taleb

The risk that people pose to wolfdogs is far greater, statistically, than the risk that wolfdogs pose to people. Many are bred in miserable, inhumane conditions, and kept in equally miserable, inhumane conditions.

Annie Lowrey

Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty, all kinds of long-term, mutually beneficial contracts can't be entered into.

Edward C. Prescott

But doubt is a crucial to faith as darkness is to light. Without one, the other has no context and is meaningless. Faith is, by definition, uncertainty. It is full of doubt, steeped in risk. It is about matters not of the known, but of the unknown.

Carter Heyward

Assuredly of all earthly conditions uncertainty is the most unblest.

Fanny Kemble

You cannot let a fear of failure or a fear of comparison or a fear of judgment stop you from doing what’s going to make you great. You cannot succeed without this risk of failure. You cannot have a voice without the risk of criticism and you cannot love without the risk of loss.

Charlie Day

The whole trouble lies in that people think that there are conditions excluding the necessity of love in their intercourse with man, but such conditions do not exist. Things may be treated without love; one may chop wood, make bricks, forge iron without love, but one can no more deal with people without love than one can handle bees without care.

Leo Tolstoy

Risk-taking, trust, and serendipity are key ingredients of joy. Without risk, nothing new ever happens. Without trust, fear creeps in. Without serendipity, there are no surprises.

Rita Gelman

A Quote by Richard Arnold Epstein

Quote Topics

Quote Author

Related Quotes

Related Authors