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Average Quote by Larry Hite

“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.”

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More by Larry Hite

Frankly, I don't see markets; I see risks, rewards, and money.

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When a market makes a historic high, it is telling you something. No matter how many people tell you why the market shouldn't be…

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We approach markets backwards. The first thing we ask is not what can we make, but how much can we lose. We play a…

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No matter what information you have, no matter what you are doing, you can be wrong.

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We diversify in two ways. First, we probably trade more markets worldwide than any other money manager. Second, we don't just use a single…

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It is incredible how rich you can get by not being perfect

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If you diversify, control your risk, and go with the trend, it just has to work.

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I don't trade for excitement; I trade to win

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Never risk more than 1% of total account equity on any one trade. By risking 1%, I am indifferent to any individual trade. Keeping…

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Throughout my trading career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk.…

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I have noticed that everyone who has ever tried to tell me that markets are efficient is poor.

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I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If…

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Explore all 13 Larry Hite quotes

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In comparative terms, there's no poverty in America by a long shot. Heritage Foundation political scientist Robert Rector has worked up figures showing that when the official U.S. measure of poverty was developed in 1963, a poor American family had an income twenty-nine times greater than the average per capita income in the rest of the world. An individual American…

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So-called Western Civilization, as practised in half of Europe, some of Asia and a few parts of North America, is better than anything else available. Western civilization not only provides a bit of life, a pinch of liberty and the occasional pursuance of happiness, it's also the only thing that's ever tried to. Our civilization is the first in history…

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