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Quote by Richard Chandler

“We like investments where the risk is time, not price.”

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Richard Chandler, born in 1961, has an unknown profession category. Limited information is available about his life experience, achievements, and impact. more

“The market gives you the opportunity to arbitrage what the emotional investor will pay or sell at versus the fundamental value of a company, but you've got to pull the trigger promptly without hesitating. We've disciplined ourselves mentally and prepared ourselves in terms of information, as well as relationships with brokers, to do that.”

Giving Wells Values Opportunity Term Pay Company Information Emotional Fundamentals Sells Prepared Investors Versus Triggers Brokers Arbitrage

Author:Richard Chandler

“Never underestimate the gullibility of large pools of money.”

Pool Underestimate Never Underestimate Gullibility

Author:David F. Swensen

“We're in the business not so much of being contrarians deliberately, but rather we like to take perceived risk instead of actual risk. And what I mean by that is that you get paid for taking a risk that people think is risky, you particularly don't get paid for taking actual risk.”

People Thinking Mean Risk Paid

Author:Wilbur Ross

“If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.”

Ifs Thinking Way Figures One Way Lots Of Money

Author:Jim Rogers

“Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles.”

Looks Efficient

Author:Fischer Black

“Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.”

Should Believe Long Growth Term Careers Mathematics Rate Pursue Long Term Excess

Author:Warren Buffett

“Onlookers frequently confuse edge with style...Edge means generating excess returns because of mispricing. Style suggests being in the right place at the right time. Sometimes edge and style overlap, sometimes they don't.”

Mean Sometimes Style Return Edges Excess Right Time Right Place

Author:Michael Mauboussin

“Edge also implies what Ben Graham....called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially less than its value. As Graham noted, the margin of safety 'is available for absorbing the effect of miscalculations or worse than average luck.' ...Graham expands, "The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price."”

Stills Values Effects Higher Paid Safety Luck Average Edges Available Dependent Assets Margins Absorbing Miscalculations

Author:Michael Mauboussin

Quote by Richard Chandler

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