On... Learning to Fall
In my early teens, I was very much into skateboarding. It was a passion that I pursued for about 10 years of my life, from the age of 15 to 25. Besides learning to stand and stabilize myself on the board and how to move, one of the very few important lessons I learned was how to fall. Arguably how to 'fall properly ' was more important than anything else because it helped me escape severe injuries, which otherwise were usually quite harmless and it also gave me the confidence to attempt more challenging tricks and obstacles. What has learning to fall got to do with investing and trading? In my honest opinion, learning how to fall is almost similar with learning how to take a loss in investing. It seems counter-intuitive that taking a loss is one of the most important lessons to learn instead of learning how to pick stocks. Sure, picking the right stock is important, but if you invest long enough, you will certainly end up with bad picks. Even the best of the breed only gets it...