Now a quick review of the Eleventh Axiom. What does it counsel you to do with your money? It says that perseverance is a good idea for spiders and Kings but not always for speculators. Certainly you can persevere in your general effort to learn, improve, and grow rich. But don’t fall into the trap of persevering in an attempt to squeeze a gain out of any single speculative entity. Don’t chase an investment in a spirit of stubbornness. Reject any thought that a given investment ‘owes’ you something. And don’t buy the alluring but fallacious idea that you can improve a bad situation by averaging
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