Everyone makes mistakes, and bad luck strikes everywhere.
There is not much you can do about bad luck except to diversify and shy away from huge risks.
When you do make mistakes, take the time to ponder them and find ways to avoid making the same ones again.
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
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