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“We should experience as much as possible—just as insurance companies must—in order to make good decisions and understand the world with the right probabilities.”
― The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
― The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
“She seems to have understood that risk management is not a goal in and of itself—but rather a set of strategies to ensure that one can take the big bets one needs to take to truly create value.”
― The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
― The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
“Finance's starting point in valuation is that previous accomplishments and what you have today bear little relationship to real value. Finance is completely and ruthlessly forward-looking. The only source of value today is the future.”
― The Wisdom Of Finance: Discovering Humanity in the World of Risk and Return
― The Wisdom Of Finance: Discovering Humanity in the World of Risk and Return
“Organizations that stigmatize failure actually tend to repeat failures rather than learn from them.”
― The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
― The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
“ruthlessly look forward and ignore the past and present in deciding what value is and what actions to undertake. Your previous accomplishments and missed opportunities mean nothing when looking at yourself today.”
― The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
― The Wisdom of Finance: Discovering Humanity in the World of Risk and Return
Luahiwa’s 2025 Year in Books
Take a look at Luahiwa’s Year in Books, including some fun facts about their reading.
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