Many people believe that earning their first bucket of gold, the first 1 million, is a significant achievement.
But I believe that life starts when you lose your first bucket of gold, when you go bankrupt for the first time.
Bankruptcy is a necessary journey for an investor; it is a rite of passage.
The pass rate for this rite of passage is 10%: 90% of people will fall and never get back up. This is the cruel reality of the market.
