These are not mistakes per se, these are losses or missing profits. These will be mistakes, if we can provide the reasons for buying and selling, and everything that happened in between, so that it provides a context.
Missing a bus could mean a lot of things, I was busy looking at something and I did not see the bus coming, or I did not know that, that is the bus I should board, or I did not expect the bus to move so fast, or the bus only stopped for a second, or I fell down, so on and so forth.
The reasons why we did what we did are important, not every loss or a would have been a profit is a mistake. Also, if the sold stocks fell, would we still call them as mistakes, I guess not.
Buffett lost some bets, even Soros did, even Newton did, so I guess we cannot learn from numbers, unless we are provided the context in which those numbers took place.
No intention of hurting anyone, just my thoughts.
Subscribe To Our Free Newsletter |