The formula for failure is not lack of knowledge, brains, skill, or hard work, and it’s not lack of luck; it’s personalizing losses, especially if preceded by a string of wins or profits. It’s refusing to acknowledge and accept the reality of a loss when it starts to occur because to do so would reflect negatively on you. APPENDIX JIM ROGERS formed one half (George Soros was the other half) of the phenomenally successful Soros Fund.
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