Nice gambling & trading quotes

[mister man]

The race is not always to the swift nor the battle to the strong, but that's the way to bet. ~Damon Runyon.

[Iron]

“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.”

Larry Hite

[mister man]

If you must play, decide upon three things at the start: the rules of the game, the stakes, and the quitting time. ~Chinese Proverb

[Iron]

“Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we’re trying to do. It’s imperfect, but that’s what it’s all about."
Warren Buffett

[Euler]

“Seize any opportunity, or anything that looks like opportunity. They are rare, much rarer than you think. Remember that positive Black Swans have a necessary first step: you need to be exposed to them. Many people do not realize that they are getting a lucky break in life when they get it….Collect as many free nonlottery tickets (those with open-ended payoffs) as you can, and, once they start paying off, do not discard them. Work hard, not in grunt work, but in chasing such opportunities and maximizing exposure to them. This makes living in big cities invaluable because you increase the odds of serendipitous encounters—you gain exposure to the envelope of serendipity.” –Nassim Taleb, The Black Swan

[RichStone]

'WINNER WINNER CHICKEN DINNER'

Sorry couldn't resist

[teamlefty]

"I want people to understand, gambling is not a bad thing if you do it within the framework of what it's meant to be, which is fun and entertaining." Michael Jordan

[Euler]

[THENUTS]

You dont have to be great to start but you have to start to be great

[Naffman]

I saw this comment on the topic of Rodgers and Balotelli and I thought it applied here as well, "Insanity is doing the same thing over and over again but expecting different results".