All Quotes

# uncertainty6 quotes

UNCERTAINTY

Markets are constantly in a state of uncertainty and flux. Money is made by discounting the obvious and betting on the unexpected.

contrarianmarketsThe Alchemy of Finance

Risk means more things can happen than will happen.

investingriskThe Most Important Thing

Tiger Global and Sequoia invested in us. Then ChatGPT launched. The best VCs in the world could not predict OpenAI's roadmap.

Every entrepreneur needs to be comfortable with a very high level of uncertainty. If you wait for certainty, you'll never start.

entrepreneurshipriskThiel Fellowship retrospective interview, 2021, 2021

Diversification is the only rational deployment of our ignorance.

diversificationportfolio-theoryVarious interviews and writings, 2000

The fundamental law of investing is the uncertainty of the future.

investingriskAgainst the Gods: The Remarkable Story of Risk, 1996