Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I win; tails, I don't lose much.
Mohnish Pabrai (2011). “The Dhandho Investor: The Low-Risk Value Method to High Returns”, p.108, John Wiley & Sons
![Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty [situation] gives us our most sought after coin-toss odds. Heads, I](http://cdn.quoteddaily.com/images/mohnish-pabrai/wall-street-sometimes-gets-confused-between-risk-and-uncertainty-and-you-can-profit-handsomely-from-that-confusion-the-low-risk.jpg)