Tuesday, February 5, 2013

2013

A thought-provoking post.

I like Klarman - "Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return.”  He goes on: “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."

Smart people are awesome people. There is something about risk which is unquantifiable  and yet, omnipresent :)

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