What exactly constitutes a "mistake" when it pertains to your investing practice? Is it whenever a business does not work out the way you believed it would, or is it simply when something causes you to break Rule # 1 and lose cash?
While fear of being "incorrect" on a position can be immobilizing for some, being willing and able to adjust to continuously moving market conditions is a should for anybody aiming to wade into the world of investing.
Today, Phil and Danielle discuss what it implies to "get it incorrect" in your financial investment practice and how that must (or should not) influence your decision-making process.
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