Take calculated risks and be prepared for setbacks from "summary" of What I Learned About Investing from Darwin by Pulak Prasad
Darwin teaches us an important lesson about taking risks and being prepared for setbacks. In the world of investing, it is crucial to weigh the risks and rewards before making any decisions. Just like in nature, where species must adapt and evolve to survive, investors must be willing to take calculated risks in order to succeed. However, it is not enough to simply take risks - one must also be prepared for setbacks. In nature, not every adaptation leads to success. Similarly, not every i...
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