Cullen Roche says that great investors think in terms of probabilities and not certainties

Livewire
Cullen Roche says that great investors think in terms of probabilities and not certainties. This concept is very well known to good gamblers who understand that they're playing a negative sum game against the house. But in knowing when to bet big they can increase the odds that they will beat the house. That is, they can increase the expected value of their overall outcomes by knowing when to place the right bets. This isn't only due to the fact that they make big bets when the odds favor them, but also because they don't make the catastrophic mistakes that result from betting on things you can't understand. They not only win big, but they avoid losing big. (VIEW LINK)
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise