The Upside of Volatility Is Mana From Heaven

Innovation, creativity and wealth creation are gifts, right? I'm grateful every day. Julian Robertson had two rules that he lived by: One was actually a lot of rules he lived by but one in investing was live to fight another day. When you're wrong, just cover, just cut your loss. You're wrong. The market's not wrong and you're going to be proven right. And all winners lose more than losers because they take more risks. But they don't care about losing. They want to prove they're right. So they doubled down. He would never double down. Which again, most people don't want to do. As soon as something starts to work