Don’t make the same mistake I made

“I like people admitting they were complete stupid horses’ asses. I know I’ll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.”

— Charlie Munger

How’s that for a place to start.

Yep, this is my ‘rub my nose in it’ moment.

You’re welcome.

My biggest mistake was made in 2013. And it’s a doozy.

You see, I didn’t lose just 50%.

Or 70%.

It was worse than that.

No, it wasn’t 80%.

And not 90%.

Yep, still worse.

No, not even 100%.

Worse.

Huh?

Yep, worse.

Let me explain.

See, if I’d bought $1,000 shares in a company and that company had gone broke, I’d have lost my $1,000.

Which would, to be fair, really suck.

But you know what’s worse?

Costing myself even more than that…