I am sure if you have been investing long enough, you would have known the feeling of ‘loss’ – or more specifically, losing a lot of money – whatever that amount may be (correction, volatility.. whatever you call it). I always think this is important. After all this is how we learn right?
So what does that bring us to? Well imagine that you are going on a long arduous trip (eg. to the top of Mount Everest, to the moon….etc), and you are given a choice to pack the most essential and lightest items you can ever have into a bag. Say you are given a choice of only putting less than 10 items in the bag. What would you put? Let me see, probably for survival- water, dry food, clothes, medicine, something utilitarian like compass, a hardy watch or fail safe touch light etc.
Now imagine that the ......