“Entrepreneurs are great at dealing with uncertainty and also very good at minimizing risk. That's the classic great entrepreneur.” RiskEntrepreneurVery GoodUncertaintyClassicMinimizing Author:Mohnish Pabrai
“Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much.” GivingSometimesWinningLosesSituationRiskStreetsWallLowsProfitConfusionUncertaintyConfusedOddsTailsCoinsToss Book:The Dhandho Investor: The Low-Risk Value Method to High Returns Source: The Dhandho Investor: The Low-Risk Value Method to High Returns
“Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.” PeopleIfsThinkingWantRealityStudyRiskEntrepreneurLunchNot InterestedTaking RisksFree Lunch Author:Mohnish Pabrai
