ALTERNATIVE INVESTMENT SCENARIOS

“The number one principle would be do not look at the world today, what’s happened in the past and happening currently, is in the price. Try and think how the world may look differently in 18-24 months from now and try and base your investments on that and not what’s true today. It’s amazing what that single little exercise can do” Stanley Druckenmiller

“Even though we all live in the present, in our role as investors we must think like futurists; We must always try to visualize the environment in which we will reap so that, in the here and now, experience-based rationality will determine when and where to sow” Frank Martin

“One of the jobs of a good trader is to imagine alternative scenarios. I try to form many different mental pictures of what the world should be like and wait for one of them to be confirmed” Bruce Kovner

“Quite often when I seem off in the clouds, I’m imagining myself in another time, reacting to events of another time or era, whether those events involve the advent of a common currency for Europe, the crash of 1987, the Internet bubble, or whatever the compelling news of the day might have been – or something totally unrelated .. my attempt to imagine the present as it would look from a different time helps me sort out the real from the illusions that blind us to what is before our eyes” Leon Levy

Putting yourself in different situations, sleeping in ideas and letting yourself be creative lets you engage your subconscious to process information” Ken Shubin Stein

“The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market." George Soros

"Always remembering that we might be wrong, we must contemplate alternatives, concoct hedges, and search vigilantly for validation of our assessments"  Seth Klarman

"To make better decisions, we force ourselves to consider various futures. We work hard to hold multiple contradicting scenarios in our minds simultaneously." Christopher Parvese

"Charlie and I both think about worst case scenarios a lot"  Warren Buffett

"In addition to looking at worst-case scenarios, I look at how hard something is to execute. The simpler the goals and the steps to reach them, the more likely I'll be successful" Sam Zell

“Having imagination, a feel, a gut sense of what could be that isn’t now is very important, to prepare for something that the price doesn’t tell you”  John Burbank

"In this hectic age of distraction, all of us need to pause every now and then in what we are doing to examine where the rush of the world and of our own activities is taking us.  Even an hour or two spent in such detailed contemplation on a park bench will prove rewarding.  The importance of such periodic stocktaking was one of the most valuable lessons I learned from my early experiences as a speculator"  Bernard Baruch