Top 69 Quotes & Sayings by Whitney Tilson - Page 2

Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn't mean avoiding it - on the contrary, it is often fuzziness about a company's future that creates the type of opportunity bargain-hunting investors cherish.

No one would suggest completely ignoring news about your investments. Enron investors, for example, would have been well served to sell once early reports of accounting irregularities surfaced. But the key is to keep news in context and act only if further reflection or study indicates that the core thesis for an investment has changed.

Just because a company's future is highly uncertain doesn't mean an investment in it is risky. In fact, some of the best potential investments are highly uncertain but have little risk of permanent capital loss.

As in most subjects relating to money management, there's a wide diversity of opinion on portfolio concentration versus diversification.

Without doubt, timely and democratic access to financial and market information contributes to smoothly functioning financial markets.

If you are able to look beyond near term trouble, you have an advantage over many professional investors

To succeed as a contrarian you must recognize what the crowd believes, have concrete justification for why the majority is wrong, and have the patience and conviction to stick with what is, by definition, an unpopular bet.

Independent thinking is not just helpful in becoming a successful investor, it’s required.

What's both fascinating and challenging about investing is that the changing nature of business and finance means you can never have it all figured out.