What’s a better way to live life? A) being mercilessly selective in the opportunities you take B) saying yes to what you’re passionate in the moment and then accepting loss when you drop things that hit the back burner
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Yes. Part of it. They also sometimes stuck to their guns -- for example, if a stock trade went down 20%, the winners would sometimes sell and cut their losses. But the biggest winners were the ones who sometimes bought more at those lower prices.
Which begs the question, did the interview the guys who lost it all doing that haha
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Yes, the author was a fund of funds in London. He watched what people did, segmented them by behavior, and ran stats on their results.
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That’s cool
End of conversation
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