 number four psychology of investing a trick in life is to get so you can handle mistakes failure to handle psychological denial is a common way for people to go broke as i said there will be many mistakes learn to accept them learn something from them and move on continue believing that you can do it most of berkshire success grew from stupidity and failure that we learned from so they made mistakes they learned from them mistakes and they applied those in the future most of us have 40 30 50 years ahead of us investing they take advantage of those mistakes the biggest mistake we can do is to invest make a mistake and then stop investing if you don't get this elementary but mildly unnatural mathematics of elementary probability into your repertoire then you go through a long life like a one-legged man in an ass-kicking contest again funny monger however everything in investing is a probability everything can happen and you just have to find investments that have a high positive probability and a low negative probability but always keep the probability in mind any year that passes in which you don't destroy one of your best loved ideas is a waste wasted year there are many market pandits that talk about gold and all they talk about is gold over their whole life however they don't develop they don't grow everything in the world changes so be ready to change yourself you must force yourself to consider arguments on the other side when investing in a stock look at where you are wrong what's the other side what's the short side if you're long what's the long side if you're short and it really helps and until you don't find a good investment don't do anything that's the best thing you can do the only way to win is to work work work work and hope to have a few insights the more i work the more i see the more i dig deeper into stocks the more i find mispricings and good investment opportunities and i'm happy to share them with you on this channel