Most of the Ivy League guys I know are so used to being ‘right” they get very uncomfortable dealing with uncertainty – when there is no right answer: Their ego often makes them so afraid of being ‘wrong’, that they’re unable to make good bets. They aren’t comfortable with the idea of risk, because they don’t know how to assess it or measure it. [They have been] taught to absorb knowledge, not what to do with it.
Larry Hite, Hite Capital
