A Quote by Seth Klarman

While no one wishes to incur losses, you couldn't prove it from an examination of the behavior of most investors and speculators. The speculative urge that lies within most of us is strong; the prospect of a free lunch can be compelling, especially when others have already seemingly partaken. It can be hard to concentrate on potential losses while others are greedily reaching for gains and your broker is on the phone offering shares in the latest "hot" initial public offering. Yet the avoidance of loss is the surest way to ensure a profitable outcome.
The avoidance of loss is the surest way to ensure a profitable outcome.
A Winner's Blueprint for Achievement BELIEVE while others are doubting. PLAN while others are playing. STUDY while others are sleeping. DECIDE while others are delaying. PREPARE while others are daydreaming. BEGIN while others are procrastinating. WORK while others are wishing. SAVE while others are wasting. LISTEN while others are talking. SMILE while others are frowning. COMMEND while others are criticizing. PERSIST while others are quitting.
My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast Letting losses run is the most serious mistake made by most investors.
Empathy is a respectful understanding of what others are experiencing. Instead of offering empathy, we often have a strong urge to give advice or reassurance and to explain our own position or feeling. Empathy, however, calls upon us to empty our mind and listen to others with our whole being.
we need poetry most at those moments when life astounds us with losses, gains, or celebrations. We need it most when we are most hurt, most happy, most downcast, most jubilant. Poetry is the language we speak in times of greatest need. And the fact that it is an endangered species in our culture tells us that we are in deep trouble.
The majority of unskilled investors stubbornly hold onto their losses when the losses are small and reasonable. They could get out cheaply, but being emotionally involved and human, they keep waiting and hoping until their loss gets much bigger and costs them dearly.
Grief is so far from retrieving a loss that it makes it greater; but the way to lessen it is by a comparison with others' losses.
Churches are more prosperous than at any time within the past several hundred years. But the alarming thing is that our gains are mostly external and our losses wholly internal; and since it is the quality of our religion that is affected by internal conditions, it may be that our supposed gains are but losses spread over a wider field.
I don't know who will overcome losses, some losses aren't meant to be overcome, but all losses make for good stories and good character development and all the jazz that makes a show compelling and watchable.
Study while others are sleeping; work while others are loafing; prepare while others are playing; and dream while others are wishing.
If you want to be a proud person, then you want to avenge your loss. For me it was [Josean] Serra and [Joe] Hughes, and for Michael Bisping, Henderson is one of his losses - one of his most painful losses. So I understand why he wants to avenge it. As an athlete I understand.
Besides offering desirable products, the Free People brand continue to produce some of the most compelling imagery and customer engagement in the industry.
If you are a small investor, do take the basic precaution of going to a registered broker/sub-broker and getting receipts for your transactions. Or simply shrug you losses away as you would if you lost your shirt at a casino.
Trivial losses often prove great gains.
Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can't stand it.
Everyone who lives long enough to love deeply will experience great losses. Don't let fear of loss, or the losses themselves, take away your ability to enjoy the wonderful life that is yours.
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