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.
November 10, 2014
“Ben, will you read this and tell me if anything jumps out at you … or at least surprises you,” I asked my seventeen-year-old grandson. We were in my Jeep heading to the golf course when I had handed Ben a copy of Investors Business Dailey. In the paper was an article about Rowland Macy, the founder of Macy’s Department Stores. Before...