Charlie Munger Quotes About Risk

Quotes about: Risk

• Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.

  Charlie Munger

  Loss, Nuts, Risk

• It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that the basic business would grow steadily, so there's more downside risk. The perfectly fabulous economics of this business could become grievously impaired.

  Charlie Munger

  Years, Risk, Alternatives

  "Charlie Munger Speaks - Part 2". Charlie Munger's comments on businesses at the 2000 Wesco Financial Annual Meeting, www.fool.com. May 15, 2000.

• We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. Some great businesses have very volatile returns - for example, See's [a candy company owned by Berkshire] usually loses money in two quarters of each year - and some terrible businesses can have steady results.

  Charlie Munger

  Loss, Years, Nuts

  Charlie Munger's comments on risk at the 2001 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. April 28, 2001.

• facebook
• twitter
• googleplus
• email
• linkedin

• facebook
• twitter
• googleplus
• email
• linkedin