Michael LeBoeuf Quotes

Market risk is like taking a plunge into a cool pool ... a lot of people are finding out right now what their risk tolerance is.

One doesn't like instabilities in markets; they may be damaging, but probably not fatal, as the October '87 crash showed. It turned out to be essentially inconsequential. So if that's true, I'm not very worried about the welfare of those who are investing any more than I am about the welfare of those who go into casinos.

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

There is no safe haven in today's markets.

Investors don't like uncertainty.

Listen to market strategists, and a word that comes up a lot these days is 'volatility.'

The stock market has spoiled more appetites than bad cooking.

In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.

Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.

The markets don't like instability and they don't like uncertainty.

When you're public, you're at the mercy of the markets. You can be doing extremely well, but if the markets are in the tank or your industry is in the tank, you don't get rewarded for it.

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

A financial crisis is a great time for professional investors and a horrible time for average ones.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

I have no complaints about losing money I put in high-risk investments. I did some of that when I had real money; my informed choice, my measured gamble.

If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?

Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.

What I invest in, while not risky for me, may be too risky for most people.

I always found the appeal to the market gods a bit odd. Why would the market fix mistakes instead of aggravating them?

There's still a lot of investors wondering what to invest in. And, of course, I think entertainment looks attractive when you read the few films that make these insane amounts of money. What they don't know is they don't always do that.

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

There is little room for complacency, and it is important to guard against sporadic volatility in financial markets.

There is scarcely an instance of a man who has made a fortune by speculation and kept it

In nine companies out of ten the factor of fluctuation has been a more dominant and important consideration in the matter of investment than has the factor of long-term growth or decline