http://sgmusicwhiz.blogspot.com/2009/09/can-we-afford-to-make-mistakes-in.html
http://fivecentstencents.com/blog/2009/09/10/to-err-is-human-to-learn-is-divine/#more-898
Remember Murphy's law:
"Anything that can go wrong will go wrong."
So someday and somehow we will make one or more very serious investing mistakes and cause us to lose money. It is the consequence of losing this money that counts.
Can we afford to lose this amount of money without waking up in the middle of night and wondering how to get through this crisis?
So does your investment strategy allow you to make a few serious mistakes and still allow you to get back into investing with new capital and hopefully to recover all your losses after learning your mistakes? If it is not, then you can't afford to make any mistakes.
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