If you lose 50% how much do you need to make to get back to where you were? Not 50%
You have to make 100% to get back to even.
It’s much harder to come back than it is to maintain.
As a wise mentor of mine, Keith Cunningham told me, the great sports teams, and great business people, don’t just focus on their offence, they know that to win they also need a great defence.
As Warren Buffet said, rule number one is don’t lose money. Rule number two is see rule number one.
If you keep saying ‘the bad guy won’ and judging everyone who supports them as an idiot, then you are playing right into the ‘good vs evil’ fallacy.
At the South Island Show Jumping Champs late last year, my daughters won the classes they were entered in.
A while ago we were at a horse show. Zara and I walked the course, and I read the jump off and told Zara what it was.