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THREAD 1/n
No one likes talking about their losses. It makes us uncomfortable. We like to inflate our gains & deflate our losses. Hide them. Mention them in passing only. Hope no one notices them.
You’re going to enjoy this. Please share so others can learn from my mistakes 🙂
No one likes talking about their losses. It makes us uncomfortable. We like to inflate our gains & deflate our losses. Hide them. Mention them in passing only. Hope no one notices them.
You’re going to enjoy this. Please share so others can learn from my mistakes 🙂
2/n The more winners we can display up front the less losers become apparent at the back. Charlie Munger has said “I like people admitting they were complete horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.”
3/n Therefore, I wanted to revisit some of my key losers so I can share my experience, thoughts and biases out in the open. I have mentioned them before but not as one thread and in such detail. I’ll try and make the lessons clear and from some of my notes. This will be brutal.
