001 Quote for Today

“If speculation keeps you awake at night, sell down to the sleeping point.”

Dickson G Watts.

 

This is probably the most famous quote from Mr Watts’ Speculation as a Fine Art. It’s a classic quote because there is so much wisdom in it. If you are risking so much money that it keeps you awake, then your bets are too big. Small bets can still make a profit. There is no dishonor in selling down, but in future: remember where your pain threshold is.

Do you have any more thoughts on this quotation?

 

 

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