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Betting Quotes

Browse 150 quotes about Betting.

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Betting Quotes

“The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.”

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Author:Warren Buffett
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“Once the war began, the government could do anything 'necessary' to win it; so it was with the 'final solution of the Jewish problem,' which the Nazis always talked about but never dared undertake, not even the Nazis, until war and its 'necessities' gave them the knowledge that they could get away with it. The people abroad who thought that war against Hitler would help the Jews were wrong. And the people in Germany who, once the war had begun, still thought of complaining, protesting, resisting, were betting on Germany's losing the war. It was a long bet. Not many made it.”

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Author:Milton Mayer
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“You can walk as carefully as you want through a mine field; it is still a mine field. But it's also true that if you step up to the plate worrying that you're going to strike out, the odds are that you're going to strike out. Not doing a large ambitious work because you're convinced that Danger Lurks Around Every Corner, the old 'I might be dead this time next year,' is a waste of the Inner Radiance that found you. It's like life insurance. It's betting against yourself. It's blowing out your own flame before someone beats you to it.”

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Author:Dave Sim
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“This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises. It's the reason the Internet search engine Google can scan a billion Web pages and find the one page that has the exact piece of information you were looking for. It's the reason it's so hard to make money betting on NFL games, and it helps explain why, for the past fifteen years, a few hundred amateur traders in the middle of Iowa have done a better job of predicting election results than Gallup polls have.”

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Author:James Surowiecki
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“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.”

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Author:Larry Hite
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“In this acausal world, scientists are helpless. Their predictions become postdictions- Their equations become justifications, their logic, illogic. Scientists turn reckless and mutter like gamblers who cannot stop betting. Scientists are buffoons, not because they are rational but because the cosmos is irrational. Or perhaps it is not because the cosmos is irrational but because they are rational. Who can say which, in an acausal world?”

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Book:Einstein's Dreams
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