Barry Ritholtz : (6)

" 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

" Any investment bought via credit always runs the risk of margin calls and, eventually, liquidation. " - Barry Ritholtz

" When you buy anything with lots of leverage, it does not require a whole lot to go wrong to lose it all. " - Barry Ritholtz

" Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to ‘own’ them. This allows me to learn from them and, with any luck, avoid making the same errors again. " - Barry Ritholtz

" Anyone can make an article longer; the skill is keeping it tight and lean. " - Barry Ritholtz

" Good investors must learn to contextualize the daily background noise. " - Barry Ritholtz