Taking a foolish risk can put you so deep in the hole that it’s virtually impossible to get out. That’s why Graham constantly emphasizes the importance of avoiding losses—not just in Chapters 6, 14, and 20, but in the threads of warning that he has woven throughout his entire text.

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Taking a foolish risk can put you so deep in the hole that it’s virtually impossible to get out. That’s why Graham constantly emphasizes the importance of avoiding losses—not just in Chapters 6, 14, and 20, but in the threads of warning that he has woven throughout his entire text.



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