Edges Quote by Monroe Trout
“Make sure you have an edge. Know what your edge is. And have rigid risk control rules.”
About This Quote
Identify your competitive advantage and enforce strict risk limits to protect it.
In simple terms: Know your edge; control risk.
Define edge, set firm risk rules.
Themes
Mood
Type
When to use this quote
- investment
- trading
- business planning
- project execution
Key Concepts
Questions to Reflect On
- What is your unique strength?
- How will you enforce risk limits?
Rigid rules may stifle flexibility in fast markets.