Quote by Morgan Housel
Focus on not getting beat by the market before you think about trying to beat it.
Summary
This quote emphasizes the importance of protecting oneself from losses in the market rather than tirelessly attempting to outperform it. It highlights the significance of risk management and urges individuals to prioritize strategies that minimize losses and preserve capital. By focusing on avoiding substantial losses, one can lay a strong foundation for long-term financial success before taking on the more ambitious goal of beating the market.
Topics
Investing
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