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Experiencing pain serves as an important mechanism for learning and understanding boundaries in life. The story of a girl who felt no pain illustrates this point, as her lack of pain led to a series of dangerous behaviors and a severely detrimental life experience. Similarly, in investing, the prevalence of risk and setbacks is essential for learning. The rise of inexperienced investors, who thrived in a market marked by unrealistic returns, highlights the necessity of facing financial challenges early on. Understanding risk at a young age prepares individuals for more prudent decision-making in the future.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode