Title: 'Regarding Stop-Loss, You Actually Understand Very Little'
Timely stop-loss is incredibly wise; those who take decisive action to survive are heroes.
If partners are not right, even if the business has reached a certain scale, it should be split quickly.
If friends are wrong, even if you have been together for a long time, you should cut ties as soon as possible.
If the wife is wrong, even if divorce means splitting half of the assets, you should get divorced quickly.
Some have specifically studied what characteristics successful Wall Street fund managers have. The answer is they are all divorced, even after sharing huge amounts of wealth with their wives.
Those who can defeat the market never hesitate to cut losses.
Apple CEO Tim Cook became famous for a decisive action: cutting losses in time. When many products couldn't be sold, Cook didn’t sell them; instead, he had his team dig a big pit and buried all the Apple computers, decisively abandoning them.