THE DAMAGING EFFECT OF LOSSES

THE DAMAGING EFFECT OF LOSSES: RISK MANAGEMENT Let's return to finance. You may have heard about Warren Buffett's rules for investing: "Rule number one is never lose money. Rule number two is never forget rule number one."

— from Failure & Resilience (Challenge/Failure/Perseverance/Accountability/Flexibility/Resilience) · Practical Uncertainty: Useful Ideas in Decision-Making, Risk, Randomness, and AI by Hossei

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• Key Lesson
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• Chapter 3
• challenge all assumptions
• Incorporate into Daily Life