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Quote by Paul Harvey

Author

Paul Harvey
Paul Harvey

Paul Harvey was an American broadcast commentator known for his distinctive broadcasting style and in-depth analysis. He was born on September 4, 1918, and passed away on February 28, 2009. Harvey was beloved by his audience for his insightful interpretations of news events and his unique perspective on American social issues. more

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“Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss - not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.”

“And, partly, I had found that theory-structure was a superpower in helping one get what one wanted. As I had early discovered in school wherein I had excelled without labor, guided by theory, while many others, without mastery of theory failed despite monstrous effort. Better theory I thought had always worked for me and, if now available could make me acquire capital and independence faster and better assist everything I loved.”