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.
Featured
I have never resonated with the word ‘balance.’ It sounds too mediocre, too ‘little bit of everything done not that great.’
When I wash clothes, I leave the light on in the laundry room so I can’t forget about a wet load of washing in the machine.