“Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near their fair values. Things get a lot less crowded if you go for the incalculable risks, leaps of faith that cannot be inspected carefully before takeoff. So that is where you find extraordinary opportunities.”

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 2

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Aaron C. Brown 15
American financial analyst 1956

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