2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP547: The Truth About Stock Market Forecasts

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

How to Lose Better Than the Rest

Peter Lynch: There's no shame in losing money on a stock. What is shameful is to hold onto a stock and buy more of it when the fundamentals are deteriorating, Gautam continues. Charlie Munger has stated that intelligent people make decisions based on opportunity costs. If you want to win better than the rest, you must learn how to lose better than the others.

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