No matter how prepared you are, fate is unpredictable and you will face a loss. It’s unavoidable.

The import thing is to make sure you can handle a loss. Minimizing your down sides by finding your neutral point. An equilibrium where you are not loosing anything and you can sustain indefinitely. Once you identify this point, you can take calculated risks outside of it. Knowing that you have a cushion at your neutral point.

If you want to benefit from a loss, you need to analyze it. Compare your assumptions to the events that transpired. Identify where you went wrong. This will allow you to learn and grow with every loss you face.

Principles

Book: Principles