Monday, September 29, 2014

Risk and chance quotes

Fortune brings in some boats that are not steer'd 
-Shakespeare from Cymberline 

Never underestimate luck. It happens. You jut have to be ready to be lucky. That is why you need the prepared mind.

Chance favors only the prepared mind. 
- Louis Pasteur

The basis for many a investment mistakes is having false beliefs.

I wouldn't have seen it if I hadn't believed it.
-Marshall McLuhan 

Always love this quote when quants want to get too precise. Do not miss the forest for the trees.

I'd rather be vaguely right than precisely wrong.
 - John Maynard Keynes 

Get the odds in your favor. It is not about betting. It is about betting when you have an edge and you got to make your edge.

Who cares if you pick a black ball or a white ball out of the bag? ... don't leave it to chance. Look in the damn bag and pick the color you want.
- Hard eight by Janet Evanovich 

No comments: