Tradeoff Quotes

• J.P. Morgan once had a friend who was so worried about his stock holdings that he could not sleep at night. The friend asked, 'What should I do about my stocks?' Morgan replied, 'Sell down to your sleeping point' Every investor must decide the trade-off he or she is willing to make between eating well and sleeping well. High investment rewards can only be achieved at the cost of substantial risk-taking. So what is your sleeping point? Finding the answer to this question is one of the most important investment steps you must take.

  

  Burton Malkiel
  • Friend
  • Investor
  • J.P. Morgan

• Computer scientists have been working on finding this balance for more than fifty years. They even have a name for it: the explore/exploit tradeoff.

  

  Brian Christian
  • Balance
  • Computer scientists
  • Tradeoff

• It's always going to be a challenge to keep the strikeouts down with the personnel we have. We're trying to get those numbers down. But when you're scoring the most runs in the National League, I'll take that tradeoff.

  

  Chris Chambliss
  • Challenge
  • Strikeouts
  • Tradeoff