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The Wisdom of Finance: Discovering Humanity in the World of Risk and Return QUOTES

The Wisdom of Finance: Discovering Humanity in the World of Risk and Return QUOTES

1 " John Henry Newman put it more than 150 years ago, “the general principles of any study you may learn by books at home; but the detail, the color, the tone, the air, the life which makes it live in us, you must catch all these from those in whom it lives already. "

― , The Wisdom of Finance: Discovering Humanity in the World of Risk and Return

2 " Finance's starting point in valuation is that previous accomplishments and what you have today bear little relationship to real value. Finance is completely and ruthlessly forward-looking. The only source of value today is the future. "

― , The Wisdom of Finance: Discovering Humanity in the World of Risk and Return

3 " We should experience as much as possible—just as insurance companies must—in order to make good decisions and understand the world with the right probabilities. "

― , The Wisdom of Finance: Discovering Humanity in the World of Risk and Return

4 " Organizations that stigmatize failure actually tend to repeat failures rather than learn from them. "

― , The Wisdom of Finance: Discovering Humanity in the World of Risk and Return