If a speculator is correct half of the time, he is hitting…
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Even a modest success rate can be profitable if losses are cut quickly.
In simple terms: Small win rates work with fast loss cuts.
Cut losses fast.
Themes
Mood
Type
When to use this quote
- stock trading
- venture capital
- business decisions
Key Concepts
Questions to Reflect On
- How do you identify losing positions early?
- What systems help enforce loss limits?
Frequent small losses can erode capital despite cuts.