Hedging is foolish unless you have reason to believe that the odds are stacked against your favor.

Name: Hedging is foolish unless you have reason to believe that the odds are stacked against your favor.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is incorrect. Hedging can be a useful risk management strategy, regardless of whether the odds are in your favor or not. It is not foolish, but rather a way to protect against potential losses.

Hedging Is Foolish Unless You Have Reason to Believe That