FastSaying

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.

Barry Ritholtz

Barry Ritholtz

AlthoughAnyBeingExcessInvestingInvolvesMakingMeansMistakesOccasionallyOkayRiskStayWillWrongYou

Related Quotes

When it comes to investing, you are your own worst enemy.
— Barry Ritholtz
EnemyInvestingOwn
Even when you are right, there are costs and taxes associated with being tactical. When you are wrong, there are opportunity costs.
— Barry Ritholtz
AssociatedBeingCosts
If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.
— Barry Ritholtz
ApproachBecomeDestined
Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.
— Barry Ritholtz
AboutDecisionsFuture
'Returnless risk' is not how you prepare for a decent retirement.
— Barry Ritholtz
DecentHowPrepare