Quotation
Quote by Peter Cundill
I will not take gambles, but it is part of my job description to be ready to take very carefully calculated risks.
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Understanding this quote
The speaker rejects gambling as careless chance-taking. At the same time, they accept that their work requires being prepared for risks that have been examined carefully. The quote draws a clear line between acting recklessly and making a deliberate decision when some uncertainty remains.
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- Source
- JSTOR — There's Always Something to Do: The Peter Cundill Investment Approach
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- Article
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