Mea culpa is a Latin phrase that translates into English as "through my fault". It is repeated three times in the prayer of confession at the Catholic Mass: mea culpa, mea culpa, mea maxima culpa — "through my fault, through my fault, through my most grievous fault".
No, it's not me proselytising.
It's a nice phrase. The modern equivalent I guess would be - "my bad".
By the way, when was the last time you admitted you were responsible?
I guess as much...
It's so much easier to blame the alignment of the stars, the weather, your parents, big daddy, management, and of course your crazy dog that ate your homework!
And if you have not made any mistakes recently, it's probably you have not done anything new or gone outside of your comfort zone. You know - do less; make less mistake?
Even if we have made a mistake, we wouldn't have profited from that experience if we did not admit it's mea culpa. Just pause for a moment and review your life's story.
Now take a look at your trading journal or investing diary.
Since it's the Mind part of 3 Ms, you have to do this on your own.
Well, don't you want to have an edge over other investors/traders?
Singapore Man of Leisure (welcome to my blog; just google it!)
