Quote

Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Amount
Possible
Times
Take
Probability
Trying
Imperfect
Gain
Gains
Loss

More quotes by Warren Buffett

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Never be afraid to ask for too much when selling or offer too little when buying.
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I wouldn’t mind going to jail if I had three cellmates who played bridge
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Investing in yourself is the best thing you can do. If you've got talents, no one can take them from you.
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There is no question we have an access stock.
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That which is not worth doing at all is not worth doing well.
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When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
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Our approach is very much profiting from lack of change rather than from change.
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I never try to predict the market.
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It's class warfare, my class is winning, but they shouldn't be.
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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I don't like what's going on with the executive compensation.
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If book knowledge made great investors, than the librarians would all be rich.
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The most dangerous distractions are the ones you love, but that don’t love you back.
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We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.
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The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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I've made money over the years by buying into good companies, run by good people, at attractive prices. And I don't try and make it out of buying into the market at one point and selling at another point.
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What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.
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My father was the best person i've ever known.
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If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.
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I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
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