All Quotes

# uncertainty — 6 quotes

UNCERTAINTY

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

contrarianmarkets— The Alchemy of Finance
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Risk means more things can happen than will happen.

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

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

entrepreneurshiprisk— Thiel Fellowship retrospective interview, 2021, 2021
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Diversification is the only rational deployment of our ignorance.

diversificationportfolio-theory— Various interviews and writings, 2000
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The fundamental law of investing is the uncertainty of the future.

investingrisk— Against the Gods: The Remarkable Story of Risk, 1996