Invest Like the Best with Patrick O'Shaughnessy cover image

Jason Zweig and Morgan Housel - Business vs. Investing - [Invest Like the Best, EP.50]

Invest Like the Best with Patrick O'Shaughnessy

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Cutting Your Losses Short Is a Good Habit

Cutting your losses short is a good philo that spans a lot of areas of life. The most important decisions in life tend to be the ones we can't practise. People change jobs, what, four to seven times in a lifetime. They make the four o nk decision wrong a lot of the time. And they buy a house in the wrong place cause they're not practised at it. Long-term thinking is the ability to put up with bollshet. Cutting your losses short has no tolerance for overtime and risk. It s bell strategy to it but you have to navigate both ends of that spectrum.

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