Fewer Losers, or More Winners?

If you want to be in the top 5% of money managers, you have to be willing to be in the bottom 5%, too.”)

what [General Mills’s] record tells me is that, in equities, if you can avoid losers (and losing years), the winners will take care of themselves.)

*How to Trade in Stocks,* by Jesse Livermore. Here’s the quote the dealer had highlighted: “Winners take care of themselves; losers never do.”)