Loss cutting
In investing as in life, occasionally things will not go as per our plan. What should we then do? Cut our losses and move on, no matter how hard it is. This is what lucky people do.
In investing as in life, occasionally things will not go as per our plan. What should we then do? Cut our losses and move on, no matter how hard it is. This is what lucky people do.
Charlie Munger’s favorite idea was inversion. In fact, he even gave a speech titled: Prescriptions for a miserable life. In the same vein of inversion, I have tried to prescribe how one can remain unlucky.
This blog is about serendipity and why it is important to our endeavors.