Football Quote by Richard Arnold Epstein
“While no rigorous proof of an optimal strategy has been achieved, Robbins has proposed the principal of "staying on a winner" and has shown it to be uniformly better than a strategy of random selection.”
About This Quote
Source Book: “The Theory of Optimal Strategies,” 1995
Staying with a winning option tends to outperform random choices, though rigorous proof remains elusive.
In simple terms: Follow winners for better outcomes.
Prefer proven winners over randomness.
Themes
Mood
Type
When to use this quote
- investment
- sports betting
- business planning
Key Concepts
Questions to Reflect On
- When should you switch from a winner?
- How do you measure a “winner”?
Winning streaks can end unexpectedly.