Gary Bettman Quotes

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

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

Never, ever invest money that you will need prior to three to five years - minimum.

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

Investing is a business where you can look very silly for a long period of time before you are proven right.

Well, there's always risk in long-term investment.

If you live in the digital economy, you have to be careful to have your investment thesis squarely bolted into your reality.

Whatever money you may need for the next five years, please take it out of the stock market right now, this week.

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.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

We're certainly interested in maximizing our return and doing it - we're interested in maximizing our return, but we're also interested in doing it over a long period of time and in doing it in a way that never endangers the firm from a survivability standpoint.

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

You cannot exist as a $20 billion company with speculation.

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.

What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. A lot of the time it works. But when it stops working, you blow up.

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.

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.

Because in the New Normal you are more worried about the return of your capital, not return on your capital.

Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.

Every time there's a dip in the market, we buy. If you don't buy the land right, it ain't going to work.

The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

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.

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

I'm a big believer in investing for the long term, and the decisions you make shouldn't be made if the economy is good or bad at a specific time.

I've learned that all investments have risk.