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Shane Parrish on Defining Identity and the Path to Wisdom (PT 2)

The Daily Stoic

NOTE

The Importance of Avoiding Loss Before Winning

Bella Chack's advice about avoiding losing before winning is often overlooked. Successful individuals like Rockefeller, Carnegie, and Warren Buffett rarely experienced significant losses. Carnegie's fortune was made after avoiding the financial panic of the 1870s by not leveraging himself and not knowing the future of steel. This highlights the significance of avoiding losses as a crucial strategy for success.

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