I learned it in 1965. I used to go to the Boardroom at Merrill Lynch in Boston during my lunch hour to watch the market. I was just learning about investing at the time. Every day I would see this young man sitting there. One day I sat next to him and asked him if he worked in the area. He told me he didn∙t work but was a trader. He said he went to the financial library every morning and spent his entire day watching the market. I told him I was just learning about investing and he asked me if I had learned the first lesson in investing. So I asked him what it was. He said it was learning to take a loss. I told him that I had taken losses. He then said, But have you learned to deliberately take a loss. When you make an investment that is not going the way you thought it would do you sell it and take the loss. I have never forgotten that lesson.
Domain names in the .com and .net domains can now be registered
with many different competing registrars. Go to http://www.internic.net
for detailed information.
Domain Name: MODELFUND.NET
Registrar: ENOM, INC.
Whois Server: whois.enom.com
Referral URL: http://www.enom.com
Name Server: NS1.MODELFUND.NET
Name Server: NS2.MODELFUND.NET
Status: clientTransferProhibited
Updated Date: 27-mar-2012
Creation Date: 26-mar-2012
Expiration Date: 26-mar-2013
>>> Last update of whois database: Wed, 04 Apr 2012 12:27:23 UTC
