>>But If You Do Happen to Lose
Every investor goes through losses at some point, but you have to know how to handle them.
3. "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."
In other words:
4. "The most important thing to do if you find yourself in a hole is to stop digging."
Investments can go bad, and when they do, it's best to bow out and stop throwing money at them. It is a difficult decision to make, but accepting the loss will prove to be more beneficial financially.
-Buffet
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