Able Quote by Michael Marcus
“Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay for the losers.”
About This Quote
Source Interview: Financial Strategies, 2020, Bloomberg
Maintain successful assets while eliminating underperformers to sustain growth.
In simple terms: Keep winners, cut losers.
Focus on profitable investments.
Themes
Mood
Type
When to use this quote
- stock trading
- business budgeting
- personal finance
Key Concepts
Questions to Reflect On
- Which assets truly add value?
- How often should you reassess holdings?
Market volatility may affect both winners and losers.