James Dinan Quotes

107 James Dinan Quotes

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[In March 2014.] I personally don't see equity (price) expansions in the U.S. equity markets being more likely than not. The U.S. is not doing, in my view, as well as people are told. Everyone keeps blaming the weather, the weather, the weather. At some point you have to stop blaming the weather.
James Dinan

[In March 2014.] The emerging market world is really going to take a big hit. We're going to continue to see a lot more turmoil … and that's going to keep investors on the edge.
James Dinan

[In March 2014.] We're looking to predict what's going to happen tomorrow - is there a value gap, is the market going to close that gap?
James Dinan

[In March 2014 on diversification.] You want to have no one position that can damage you or take you down. You always want to be in business tomorrow.
James Dinan

[In March 2014 on how people should not dream how much money they can make from an investment but rather think about how much they can lose.] It's the losses that are going to hurt you.
James Dinan

[In March 2014 on leverage.] The lack thereof... If you have too much of it, you lose control of your destiny. You have to sell. Or more importantly somebody tells you to sell.
James Dinan

[In March 2014 on York Capital being able to return around 14 percent after fees since it started in 1991 compared with the S&P500 returning around 9 percent in that time.] It's one of the things I'm most proud of.
James Dinan

[In March 2014.] The nice thing is that students pass to teachers… The stuff you learn about making mistakes.
James Dinan

[In March 2014.] Focus on liquidity, so that you can get out if you’re wrong. Because there’s nothing more scary knowing that you’re wrong and you can’t get out.
James Dinan

[In March 2014.] Be diversified. Always be diversified for the simple reason that you never know where the dangers are going to hit… We have 50 to 60 positions with a position size of anywhere from 1 percent to 4 percent.
James Dinan



[In March 2014.] Make your position size more a function of not how much you can make, but really how much you can lose. So manage your position based on your downward loss perspective not your upward potential.
James Dinan

[In March 2014.] Everything has an upward bias because that’s what you do and that’s what you’re looking for.
James Dinan

[In May 2014 on US interest rates which will remain low] Longer than people expect.
James Dinan

[In May 2014.] It’s really hard for prices to go up.
James Dinan

[In May 2014 on lending to European companies in several hundred million dollar chunks.] We’re stepping in where the banks aren’t going.
James Dinan

It doesn't matter where it goes, it matters what you do when it gets there.
James Dinan

Don't wait for the last dollar of gain.
James Dinan

Every day try to better yourself.
James Dinan

Life is a world of white, grey, and black - don't go into the world of black.
James Dinan

Never fall in love with anything! If facts change, re-evaluate your position!
James Dinan



Better to try and lose, then not to try. You learn through osmosis - learn in real time.
James Dinan

In investing, you are not trying to make the world a better place; you are trying to make money.
James Dinan

Don't gamble, don't try to hit home-runs - it's a losing strategy, unless you're Soros, then you're the exception.
James Dinan

Some people have it, some don't. But most comes with experience. If you don't have it by day 1, don't get depressed. If you don't have it by year 3, it's probably not for you.
James Dinan

Analyze risk/reward of every decision and seek asymmetrical returns. If the upside is $2, and the downside is $10, and you figure there is a 98% chance of the upside, do it.
James Dinan

Nothing wrong with trying and failing - Patience!
James Dinan

[In February 2012 on money.] The one great benefit is you don’t have to be under anybody’s control… Of course I am married so I am still really in that position, but that’s a good thing.
James Dinan


Bonus

[On James Dinan] I view him as the guy that taught me the business. He taught me what to look for. He taught me how to analyze businesses.
Daniel Schwartz



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