Bill Gates Quotes

We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.

I have plenty of investments that I wish I'd never made. But the model is to lose money on a lot of investments and then make 1,000X or 10,000X on an investment.

If you want to invest in early-stage technologies, putting a timeframe on it does behold you to Silicon Valley economics. You've got a certain time period where you have to make the money. And you have to invest that money whether you find good companies or not.

I am very conservative. I don't invest in anything that is risky. If someone comes to me with a project idea, I let them risk their money, not mine.

Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.

The last thing you want to do, unless it's a very unusual situation, is to invest money.

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 you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.

There’s nothing like doing things with OPM—Other People’s Money. It takes the risk out of it.

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.

Just like I gave Jack Ma and Alibaba the luxury of staying private for longer, I am now giving Arm the gift of being private. My only message to them now is take my investment and let's go, go, go.

I won't say that 'shotgun' is the word I'd prefer to use, but we certainly do a lot of investments.

Entrepreneurs love to view risk as binary. The more you put on the line, the greater the potential for reward.

I am a great believer that the risk should reflect the reward.

I founded SkyBridge - an alternative investment management company focused on seeding and partnering with emerging managers and mentoring Wall Street's next generation of Wall Street's entrepreneurs - in 2005.

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.

I've nothing against Goldman Sachs. But Goldman Sachs isn't an investment bank. Goldman Sachs is a hedge fund. It's bigger than any hedge fund. It's more leveraged, to the power of three or five, than any hedge fund.

Venture capital is always wanting to go up market.

Whatever the potential pitfalls, banks are increasingly enthusiastic about venture capital, particularly in new companies with strong prospects in fields like health care and technology.

When you have risk aversion in Japan, the normal day-to-day outflows that happen in a normal market environment slow down.

I'm not a money manager, but I can tell you what the conventional wisdom is. The younger you are, the more risk you can take on.

Some studies show that women can be better money managers than men because they tend to be more conservative and do their homework. Men tend to take more risks without the research.

Private equity does pay very well, and my counterparts, guys that I grew up with who are still working at a number of firms, all make a lot of money.

The real key to making money in stocks is not to get scared out of them.

I'd been a great angel investor, but professional venture capital was clearly not the right thing for me.