Harry Markowitz Quotes

I like not to feel that all my eggs are in one basket, or I get nervous.

Asset managers have different approaches, and I don't wish to suggest there is only one way to run money. There are many ways one can attempt to reduce risk, improve performance, lower drawdowns and reduce volatility.

If you want to avoid all risks, soon you will have no risks to worry about.

My philosophy, in a nutshell, is to wipe out the greatest amount of risk with the least amount of money.

We don't want to bank all our risk on a small collection of big companies. We don't want to lose 20 percent of our business if one big account goes away.

In an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The list of individual traders who have lost more than a billion dollars at a time betting on derivatives is not short.

I think margins will be destroyed for a bunch of people. If that's true, then it will be good to have alternatives to hedge against that eventuality.

I know many members of our community steer clear of Wall Street because of the perception that the stock market is risky, but I am convinced the biggest risk of all is not taking one.

There is a close logical connection between the concept of a safety margin and the principle of diversification.

I think that not relying too heavily on one bank and one bank manager is a good rule to learn.

In business, you try to minimise risk.

When I take a risk, I like it to be a calculated risk, meaning I make it as small as possible.

I think we need to think beyond the issue of absolute risk.

I think it's a mistake to rely too much on any one economic factor. It's why investors try to spread their portfolio round.

Our whole way of life is dedicated to the removal of risk. Cradle to grave we are supported, insulated, and isolated from the risks of life—and if we fall, our government stands ready with Bandaids of every size.

When you have less risk, you have more fun. You can take risks. It's much easier to take risks when there's less money on the line.

You want banks to take some risk, but intelligent risk.

I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.

None of us live in a zero-risk world.

Moral hazard is something I don't take lightly.

Diversify, because that helps reduce risk. And you can diversify outside the United States. Some people would never invest in Europe - I think that's a mistake.

Keep your debt low, and ask, Can your operational expertise make an impact? Then you're taking away a lot of the risk.

When you take smaller gambles, no one particular deal can be big enough to have a material adverse effect on the company.

Risk taking in business is one thing. Risk taking in your personal safety is a different thing.

I think it is crucial to diversify one's portfolio.