"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong"

This quote by Bernard Baruch is a suggestion that even if you are not always right, you can still be successful. Baruch is recommending that if a speculator is appropriate half of the time, they are succeeding. Even if they are only ideal three or four times out of ten, they can still succeed if they have the sense to cut their losses quickly on the endeavors where they are incorrect. This is a reminder that it is essential to be aware of when you are wrong and to not let losses linger. It is likewise crucial to recognize when you are best and to profit from those opportunities. Baruch's quote is a suggestion that even if you are not always right, you can still succeed if you are wise about your financial investments.