The l lth Significant Zurich Axiom: On Stubbornness
By John Sage Melbourne
If it doesn’t pay off the very first time,forget it.
Never ever remain with an investment due to the fact that you think it owes you money. How can an investment owe you anything? If initially you don’t prosper,to hell with it.An investment is not a relationship that you can ‘save’ if you work harder at it or persevere longer. You understand whatever you need to learn about it now,you can see its performance right in front of you. Don’t get connected to it,remain mobile– you don’t get any additional points for commitment here!
Minor Axiom XV: Never ever attempt to save a bad investment by “balancing down”Averaging down suggests buying into an investment that you are already in and loosing in the hope of balancing your buy in rate at a lower level in order to comprise the loss you have actually already sustained.A much better technique is to take you loss and move on.
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Don’t preserve with a failing investment. Preserve your freedom to act upon new investments without the reference to your current investment or trying to recover a loss position.
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