“No matter what information you have, no matter what you are doing, you can be wrong.” MatterInformationNo Matter WhatDoing You Author:Larry Hite
“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 that high, or why nothing has changed, the mere fact that the price is at a new high tells you something has changed.” PeopleMatterFactsChangedMereHistoricThings Have Changed Author: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.” IfsKindMatterRunningSuccessLawWinningSoundLosesPsychologyFourDangerousLosingAverageOutcomesOddsPropositionsTradingBettingLaw Of Averages Author:Larry Hite
