“We [the Moderns] are like dwarves perched on the shoulders of giants [the Ancients], and thus we are able to see more and farther than the latter. And this is not at all because of the acuteness of our sight or the stature of our body, but because we are carried aloft and elevated by the magnitude of the giants.“

Just as we can build on the success of those who have gone before us, the failures of those who went first are also valuable lessons.

Today is one such day. I write this in the hopes that after reading of my mistakes, you are able to make better investment decisions.

No investor can make money in every trade he makes. Losses are bound to happen sooner or later.

What is important is that investors must learn to limit their losses with rigorous discipline, and use