When you follow the laws, you can make all the mistakes you want, so long as gains offset them on average.
When you engage in crime, you cannot make a single mistake.
#RWRI#Fragility
People are constantly suprised at my calmness during bad market conditions. After blowing up my account twice, losing 98% in a stock, losing over a million dollars in one stock, not making any money in my first five years, do you really think a few bad weeks even makes me flinch?
@NotQuiteMidlife Risk is the king, price is the queen. Asset allocation, which is $ amount, is about risk. A stock price only matters when it is a fire sale 😎