“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
