As An Wang, founder of Wang Laboratories, said, “It is my belief that there are no ‘secrets’ to success.”19 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.
