Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
August 09, 2011
As a wanna-be screen writer I know that drama is all about conflict. Without conflict there is no drama. It fascinates and entertains us. Innately, we desire to learn from other people’s mistakes.
In the investment business there is always drama in the macro picture. So Wall Street firms hire strategists who attempt to tell us...