Back in the early days of IBM, a young worker had made a mistake that lost IBM $1 M in business. She was called in to the President's office and as she walked in said, "Well, I guess you have called me here to fire me." "Fire you?" Mr. Watson replied, "I just spent $1 M on your education!"
So next time you take a big loss in a stock, consider it your tuition, and keep record of it so you don't make the same mistake again.
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