: Success requires "knowing what you don’t know" and accepting the role of luck in every outcome.
: You cannot eliminate risk; you can only control it. The most dangerous time is when everyone thinks there is no risk. The most important thing: uncommon sense for th...
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: He didn't chase the trend. Instead, he waited for the right opportunity, knowing that "good times teach only bad lessons"—like the idea that investing is easy or risk is gone. AI responses may include mistakes
: The "second-level thinker" asks, "Everyone thinks this is a great company, but is it as great as they think? Is the price too high for the actual value?".
: To achieve superior results, you must have the courage to buy when others are fearful and sell when others are greedy.