To understand KKR, I always like to say, don't congratulate us when we buy a company. Any fool can buy a company. Congratulate us when we sell it and when we've done something with it and created real value.
Henry KravisRead
It's one of the most important things at the end of the day, being able to say no to an investment.
Interpretation
What this quote means
Saying no to investment opportunities is crucial for making wise financial decisions.
This quote emphasizes the importance of exercising discernment when it comes to investments. Instead of mindlessly accepting every opportunity, a wise investor knows the value of being selective and understands that having the ability to say no can lead to better financial outcomes and the preservation of capital.
Themes
InvestmentDiscernmentFinancialDecision-MakingWisdom
In practice
Example use cases
During a financial seminar, one might quote this to stress the importance of careful investment choices.
More from Henry Kravis
All quotes βI want people who will stand up to me. People who are not afraid to say exactly what's on their minds, even though that's probably not what I want to hear. That's what I want.
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