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Lessons from Jack Schwager | 10 Things Long-Term Investors Can Learn from History's Best Traders
Two Quants and a Financial Planner
Know When to Walk Away
Engaging in activities like gambling or trading stocks without a clear advantage leads to diminishing odds and increased losses. Players should capitalize on favorable opportunities and exit after a win to avoid further losses. The key insight is that risk management and understanding one's edge are crucial to maintaining a positive outcome.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode