“Here's the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don't play.”

—  Ed Seykota

Source: Covel, Trend Following, page 59

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Here's the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win is …" by Ed Seykota?
Ed Seykota photo
Ed Seykota 16
American commodities trader 1946

Related quotes

Lindsey Graham photo

“As a party, we are better to risk losing without Donald Trump than trying to win with him. Enough already with Mister Trump.”

Lindsey Graham (1955) United States Senator from South Carolina

Twitter post http://www.examiner.com/article/lindsey-graham-better-for-a-democrat-to-win-the-white-house-than-donald-trump (August 2015)
2010s

Erica Jong photo

“…if you don't risk anything, you risk even more.”

Erica Jong (1942) Novelist, poet, memoirist, critic

Becoming Light: Poems New and Selected (1991)
Variant: ... if you don't risk anything, you risk even more.

Robert T. Kiyosaki photo

“There is always risk, so learn to manage risk instead of avoid it.”

Robert T. Kiyosaki (1947) American finance author , investor

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!

Harriet Beecher Stowe photo
Jeanette Winterson photo
Swami Vivekananda photo

“Take Risks in Your Life If u Win, U Can Lead! If u Lose, U Can Guide!”

Swami Vivekananda (1863–1902) Indian Hindu monk and phylosopher

Source: Raja-Yoga

James Baldwin photo
Raghuram G. Rajan photo

“Not taking risks one doesn't understand is often the best form of risk management.”

Raghuram G. Rajan (1963) Indian economist

From his book: Fault Lines: How Hidden Fractures Still Threaten the World Economy (2010) https://books.google.co.in/books/about/Fault_Lines.html?id=2RB3j_YfEg0C

“You can't outwit fate by standing on the sidelines placing little sidebets about the outcome of life. either you wade in and risk everything you have to play the game or you don't play at all. and if u don't play u can't win.”

Judith McNaught (1944) American writer

Variant: You can't outwit fate by standing on the sidelines placing little side bets about the outcome of life. Either you wade in, risk everything you have to play the game or you don't play at all. And if you can't play, you can't win.
Source: Paradise

Anaïs Nin photo

“The day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.”

Anaïs Nin (1903–1977) writer of novels, short stories, and erotica

Frequently attributed to Nin, but without cited source in her work (possibly due to a quotation in Living on Purpose: Straight Answers to Universal Questions (2000) by Dan Millman that attributed the quote to Nin without source).
In March 2013, a former Director of Public Relations at John F. Kennedy University in Orinda, Elizabeth Appell, claimed she had authored the quote in 1979 for an inspirational header on a class schedule: http://anaisninblog.skybluepress.com/2013/03/who-wrote-risk-is-the-mystery-solved/
Disputed
Variant: The day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.

Related topics