Quotes in risk
Wide diversification is only required when investors do not understand what they are doing.
Never put yourself in a position that will put yourself at risk if you make the wrong decision. We spent cash on everything. It's fashionable to make 'bet the company' decisions, but don't do it.
There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.
The policy of being too cautious is the greatest risk of all.
Take calculated risks. That is quite different from being rash.
A little sincerity is a dangerous thing, and a great deal of it is absolutely fatal.
It is dangerous to be right when the government is wrong.
A ship in port is safe, but that's not what ships are built for. *