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# expected-value — 3 quotes

EXPECTED-VALUE

“

The edge isn't in being smart. It's in being disciplined about expected value.

“

Every decision is a probability. Every trade is a bet. The only question is whether the odds are in your favor.

“

Every decision is a bet. Figure out the payoff and the odds before you make it.

expected-valueinvesting— Podcast interview, 2022