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.
June 25, 2012
I knew the highboy would be expensive. But when you’re 22 and starting out in the investment business, well, you’re very confident. Have to be. Besides I had saved $10,000 for my upcoming wedding. That was an unimaginable sum of money for a 22-year-old in 1967. What I had no way of knowing was that, in the stock market, the emotional...