Striking Out Is Part of Winning

I put this great quote in my bestseller Trend Following:

“What is striking is that the leading thinkers across varied fields–including horse betting, casino gambling, and investing–all emphasize the same point. We call it the Babe Ruth effect: even though Ruth struck out a lot, he was one of baseball’s greatest hitters.”

You have to get it–to survive. Ever hear political leaders talk like this? No, political leaders promote the nonsense that there will never be a stubbed toe again. Believe that?

Filed under Black Swan Thinking