Since failure is inevitable, we would all benefit from learning how to fail better.
On a trading desk, you are taught to expect to be wrong. Surprisingly, that attitude is rare elsewhere in finance. This is a shame because a healthy outlook on failure benefits businesses, governments, and just about everyone.
-Barry Ritholtz, How Not To Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth—And How To Avoid Them
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