Customer Quote by Dale Carnegie
“If you can be sure of being right only 55 percent of the time, you can go down to Wall Street and make a million dollars a day. If you can't be sure of being right even 55 percent of the time, why should you tell other people they are wrong?”
About This Quote
Source Book: How to Win Friends and Influence People, 1936
Success in markets depends on probabilistic confidence; if you lack it, you shouldn't judge others.
In simple terms: Confidence in odds guides decisions; lack of it cautions against criticism.
Key Takeaway
Assess your confidence before judging.
Themes
probability
confidence
ethics
Mood
cautious
analytical
Type
ethical
practical
When to use this quote
- investing
- risk management
- personal judgment
Key Concepts
risk assessment
decision making
financial markets
Questions to Reflect On
- How do you measure your confidence level?
- When is it appropriate to challenge others?
A Different Perspective
Overconfidence can lead to reckless decisions.
![“Maybe I'll just write books. I'd like to make another movie, but I don't want to go back and [do] what they want you to do, to make it for a million dollars. I did that. I don't need a lot, but I need what I used to get, and they don't give you that anymore.” quote by John Waters](https://sms4smile.com/quotes/img-quotes/4d4/john-waters-751_book_maybe-i-ll-just-write-books-i-d-like-to_139629.jpg)
![“Michael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars. He showed me that if you applied yourself, great things could happen. It is very easy to miss the point that you really can do it.” quote by Bruce Kovner](https://sms4smile.com/quotes/img-quotes/9e8/bruce-kovner-30819_can-do_michael-marcus-taught-me-one-thing-that_1708047.jpg)
