Average Quote by Bernard Baruch
“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
Source Speech: Investment Strategies, 1935
Even a modest success rate can be profitable if losses are cut quickly.
In simple terms: Small win rates work with fast loss cuts.
Key Takeaway
Cut losses fast.
Themes
investment
risk management
probability
Mood
analytical
cautious
Type
advice
financial
When to use this quote
- stock trading
- venture capital
- business decisions
Key Concepts
finance
behavioral economics
Questions to Reflect On
- How do you identify losing positions early?
- What systems help enforce loss limits?
A Different Perspective
Frequent small losses can erode capital despite cuts.
