“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”
— Warren Buffett
“The most important rule in trading is to play great defense, not great offense.”
— Paul Tudor Jones
“The whole secret to winning big is to lose the least when you’re wrong.”
— William J. O’Neil
“Protect the downside; the upside will take care of itself.”
— Richard Branson
“The trick is to survive first and make money afterward.”
— George Soros
“Risk comes from not knowing what you’re doing.”
— Warren Buffett
“Successful investing is about managing risk, not avoiding it.”
— Benjamin Graham
“He who lives by hope will die by despair—but a prudent investor lives by analysis.”
— Benjamin Graham
“Minimizing downside risk while maximizing the upside is a powerful concept.”
— Mohnish Pabrai
“If you have only one strategy, prepare to be broke.”
— Paul Tudor Jones