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.
April 22, 2015
It’s interesting to hear “experts” in the oil industry expound on the future price direction of oil. Often these interviewed experts are the CEOs of major oil companies. Many say the current price of oil ($50 a barrel) is temporary and will eventually trade back toward $100. But not one was prescient in forecasting the recent 50% decline. ...