Upside Potential Quotes

Credit-default swaps remedied the problem of open-ended risk for me. If I bought a credit-default swap, my downside was defined and certain, and the upside was many multiples of it.

That is, many times we're not risking our own money, we're risking somebody else's money, or maybe that someone is going to back stop or downside, but we still get the upside.

The worse a situation becomes the less it takes to turn it around, the bigger the upside.

I like things with upside. That's how you make money.

In investment management today, everybody wants not only to win, but to have a yearly outcome path that never diverges very much from a standard path except on the upside. Well, that is a very artificial, crazy construct. That's the equivalent in investment management to the custom of binding the feet of Chinese women

I find as long as I acknowledge the truth of something, then that's it. I know what it is and then I can operate. But if I overestimate the downside of something or the challenge of something and I get too obsessed about the difficulty of it, then I don't leave enough room to be open to the upside, the possibility.

If you look at companies with upside potential, Twitter's right there. They've established a brand in a world where it's extremely difficult to establish a brand. It's a global brand, people recognize it, people want to let you know what their Twitter handles are, etc.

I mean drafting is a hard process because you're picking between 23-year-olds sometimes and 19-year-olds that have great upside, and some guys that are just great character but have limited physical skills, and some guys that have amazing upside and that are a little more immature, and everywhere in between.

Sometimes you buy the horse, sometimes you invest in the jockey. It really comes down to the actual business and the upside.

I think a lot of personnel decisions come down to who's the best player today, like if we had to throw 'em in a game today versus what could their upside be 18 months from now. A lot of times, those are two different answers. That's the difficulty of player personnel.