less is more
64 = 65
hmmm… how does that happen?
Archive for the 'Fun stuff' Category
Don’t lose your shirt.
It’s a ‘dog eat dog’ world. Competition is keen. In order to win, people tends to take a lot of risk.
However, greed clouds people’s mind. They may take on too much risk and at the end lose every thing.
In my early years of investing, I don’t know how to control risk and lost quite a bit in stock market during Dot Com Bust.
The following video shows how someone bets small in the beginning. However, she doesn’t know that she is not a good player and keep on betting (more and more). She loses everything, including her clothes and became naked.
This applies to investing too. Know your strength. Know when to cut lost. If you don’t do that, you know the result and shame on you.