Your Almost Daily Bit of Wall Street Wit & Wisdom

right or wrong

h/t vecteezy.com

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
— George Soros

Money management may be the most important factor in successful speculation.  A good money management plan is different for each individual.

Developing a sound approach to money management is often the overriding determinant of survival and success or failure in the market.

Best regards,

Steve

 

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