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Edges Quote by Monroe Trout

“Make sure you have an edge. Know what your edge is. And have rigid risk control rules.” quote by Monroe Trout
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“Make sure you have an edge. Know what your edge is. And have rigid risk control rules.”

Monroe Trout

About This Quote

Identify your competitive advantage and enforce strict risk limits to protect it.

In simple terms: Know your edge; control risk.

Key Takeaway

Define edge, set firm risk rules.

Themes

strategy risk management competition

Mood

analytical pragmatic

Type

advice instruction

When to use this quote

  • investment
  • trading
  • business planning
  • project execution

Key Concepts

Competitive advantage risk mitigation

Questions to Reflect On

  • What is your unique strength?
  • How will you enforce risk limits?
A Different Perspective

Rigid rules may stifle flexibility in fast markets.

2.7 out of 5 (3 ratings)

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