Masters Of Investing Never Let A Loss Run Unchecked
Trouble is part of any endeavor. A retired boxer was asked to evaluate a kid who wanted to go pro. After watching a workout, he told the kid that he had the hand speed but not the foot speed. Feet get a boxer out of trouble, he said. Without it, you lose. Most people don't think about foot speed when they think about boxing. Likewise, too few investors think about getting out of trouble quickly when a stock starts to pound them with losses. All
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