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.
March 16, 2018
The other day, I was sitting in a restaurant with a friend watching a basketball game. My friend is also in the investment business. The game must have become boring because we started talking about the business. The change of topic caused my sub-conscious to activate. I found myself saying, “Geoff, it has always bothered me how the...