think indipendently! (xxi)

perdere è un modo di apprendere. E vincere, un modo di dimenticare quel che si è appreso by Drummond De Andrade (VII)

a powerful and profitable belief system: I believe the current trade I am in will be a loser…a big loser at that.

I was interested in the information that was sufficient to make a decision (36)

Benny listed some specific rules: don’t play takeover stocks; be patient; don’t take home losers; don’t average down; eliminate the things you do poorly; stop rationalizing your mistakes by pointing to how well you are doing. make the commitement, create your own lists, and live by the lists. The one thing that has to be on the list is to be brutally honest with yourself. (38)

**do not personalize success and take responsibilities for failures **(XII)

[caption id=“attachment_125” align=“alignleft” width=“204”] The real Warren Buffet[/caption]