Hey, Julius, "loss aversion" is the best way to be a total loser at most anything IMO.
Life is a gamble. Tomorrow we could all die.
That doesn't say anything about being prudent. That is a biggie also.
I have told too many times already about the incredible gains of the first public capital venture corporation that returned billions on its first $40K investment in Ron Olsen, a man with only an idea and not even a shadow corporation.
ARD held the breath-taking philosophy if it made money on more than one out of 10 investment it was too conservative. Imagine investing with sort of thinking.
Like Warren Buffett, I bet they didn't worry themselves sick over how much the babysitters were making or what the shorts were doing.
Best, Terry
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