Luahiwa

“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.”
― Mihir Desai, 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.”
― Mihir Desai, 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.”
― Mihir Desai, 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.”
― Mihir Desai, The Wisdom of Finance: Discovering Humanity in the World of Risk and Return