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3 investing lessons from a mistake by Charlie Munger
3 investing lessons from a mistake by Charlie Munger
It does not matter how great an investor you are, you will make mistakes from time to time. There has to be a safety bet that you create for yourself when you make a mistake. The one that works well is to use a stop loss. The simple reason is that it puts a floor to the maximum loss to your capital. It lets you get out of your position and then assess more objectively if there is something wrong with your thesis.
It does not matter how great an investor you are, you will make mistakes from time to time. There has to be a safety bet that you create for yourself when you make a mistake. The one that works well is to use a stop loss. The simple reason is that it puts a floor to the maximum loss to your capital. It lets you get out of your position and then assess more objectively if there is something wrong with your thesis.
It does not matter how great an investor you are, you will make mistakes from time to time. There has to be a safety bet that you create for yourself when you make a mistake. The one that works well is to use a stop loss. The simple reason is that it puts a floor to the maximum loss to your capital. It lets you get out of your position and then assess more objectively if there is something wrong with your thesis. 
