Losing

A life making mistakes is not only more honorable

 but more useful than a life spent doing nothing

 

George Bernard Shaw

Losing

The more you lose

the longer it takes to break even

 

       % loss                                    % to break even

 

10                                                     11

20                                                     25

30                                                     43

40                                                     67

50                                                     100

                   60                                                     150

70                                                     233

80                                                     400

                   90                                                     1,000

 

If good judgment comes from experience

does experience come from bad judgment?

On a long enough time line

is the survival rate 0?

Can winning

be slowly losing for as long as possible?

 

The first rule is not to lose.

 

The second rule is not to forget the first rule.

 

Warren Buffett