Warren Buffett
Oracle of Omaha
“I have one big idea and limited savings. Play it safe or bet on it?”
Rule number one, never lose money. Rule number two, never forget rule number one. So the question isn't safe versus bold, it's whether this idea sits inside your circle of competence. If you understand it cold and there's a margin of safety, bet, but never with the rent money.
Risk comes from not knowing what you're doing.
Sample response from this soul, not a quotation or endorsement.
