My regular Saturday morning blog post “Lessons from Michael Batnick (Big Mistakes) is now up at 25iq.com/2018/08/04/les… The best way for investors to learn from mistakes is to let others make them, then read about it. It's best to watch other people pee on an the electric fence.
“The difference between normal people and the best investors is that the great ones learn and grow from their mistakes, while normal people are set back by them.” “Putting too much money into something you don’t fully understand is a good way to lose a lot of money.”
“I never made any big mistakes, but I did make the same mistakes over and over again.” "When you find yourself in a bad situation, putting more money into a losing investment won’t fix the problem.”
“The other day I said to my wife, ‘Wow, I really did it. I wrote a book.’ She replied, ‘What’s the Netflix password?’” "When you understand that nobody wants to read your shit, your mind becomes powerfully concentrated.” If you aren't writing for yourself, you are doing it wrong.
