CHAPTER 15Most Valuable Lessons Come from Loss
A big part of being strong financially is that you knowwhere you are weak and take action to make sure youdon’t fall prey to the weakness. And we ALL are weak.
—DAVE RAMSEY, FINANCIAL EXPERT, AND AUTHOR
Even with proper execution of every trade, there will still be times when you make mental errors or return a loss. There is no way to experience gains 100 percent of the time, but you can decrease the number of occurrences that return a loss and significantly improve your overall return if you take the time to identify your behaviors and, more important, learn from your experiences as an investor.
One of the most unlikely success stories comes from one of my larger investments during the recession. ...
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