Legendary investor George Soros once said “…it's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong…" Being wrong is a part of investing. Failure is important, mistakes make you wiser. People who avoid losses will never build any significant wealth. The strategy is to make small mistakes regularly but these will be offset by large, significant, life changing gains which come once in a while.
Very true !!
I just read this now again, almost 2 years after it was initially posted, and its amazing that alot of the predictions made are presenting itself now