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.
February 09, 2022
A pale green Pontiac Bonneville had just pulled up to the front of my parent’s two family house. The car was a “monster.” It “dripped” of chrome and weighed in excess of 5,000 pounds. At the time, I was a 12 year-old caddy as was Peter Lynch. It was 1955 and that car was a major status symbol. The man who owned the Bonneville had been an army...