“Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.” MayRealGivenLossQualityRiskEconomicDangerPeriodsPercentRelationManagementInvestmentDeclineEarningDeteriorationEconomic Change Book:The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974 Source: The Renaissance of value: the proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs common stocks, September 18, 1974
“The fact is, out of all the possible reasons for going bankrupt, only three account for nearly 90 percent of bankruptcy: a job loss, a medical problem, or a divorce. And the fact is that those are exactly the kind of calamities that the bankruptcy courts were designed to help people through.” PeopleKindReasonFactsHelpingProblemJobsThreeLossPercentAccountsCourtDivorceMedicalCalamityBankruptcyJob LossMedical Problems Author:Amelia Warren Tyagi
“I think it's interesting, from a creative point of view, to have witnessed the loss of consciousness on a national level and on a cultural level - Bush had 91 percent support in the polls after 9/11. We wanted to kick some ass!” ThinkingWantedLossInterestingLevelsViewsConsciousnessSupportCreativePercentPoint Of ViewAssKicksPolls Author:Aleksandar Hemon
“And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place.” PeopleIfsWayMeanWholeProblemValuesFallLossEconomyLandPercentAssetsGumCulprit Author:Warren Buffett
“Mr. Feld was right; life was like baseball, filled with loss and error, with bad hops and wild pitches, a game in which even champions lost almost as often as they won, and even the best hitters were put out seventy percent of the time.” GamesLostLossPercentBaseballFilledErrorsChampionHopsSeventies Author:Michael Chabon