Small losses are an integral part of every successful investor's or trader's strategy. It is simple risk management. However, it is also key to allow small losses in a system at scale, like an economy. Otherwise, financial "deadwood" can accumulate, risking the collapse of the entire system.
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Books Mentioned in Video:
Safe Haven https://amzn.to/3BSkbGv
Market Wizards https://amzn.to/3zVz9Ll
Unknown Market Wizards https://amzn.to/3zRT2mq
Hedge Fund Market Wizards https://amzn.to/38P9Uyv