What I Learned Losing a Million Dollars

Any deviation from your plan triggers the potential for losses due to psychological factors

saw loss as the same thing as wrong

Are you trying to be right or to make money?

losses will happen regardless of the type of business venture

how not to lose money is more important than learning how to make money

there is more than one way to make money in the markets

If you can’t do something, pay someone else who can and don’t worry about it

Experience is the worst teacher. It gives the test before giving the lesson